Lorenz_Capital

Long term-trending Higher

Long
BITFINEX:BCHUSD   None
We see another potential wedge break-out in the making here. We should See BCH long-term trend hold strong and start to test some of the higher channel levels. I am targeting 5k for BCH (contingent on bitcoin holding 14k support). A solid 4H close above $2650 should signal the completeion of the flag & pennant pattern, and propel us back to 3k initial resistance. I give it a buy/hold rating for Q1 2018

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.