BCH FIrst PT reached

COINBASE:BCHUSD   Bitcoin Cash / U.S. Dollar
221 1
Took profits on 33% position here at the 161% Fib Projection. Long term MACD has room to run but short term RSI formed H&S at resistance... means no reason to give up profits. Possible consolidation in teal triangle as formed by fib and fib fan with lower support at the local .236 horiz fib/ multiple time frame fib fan confluence and major fib circle confluence area around 1100 to 1114. Will look to add to position on a nice landing there. Longer term target the 261% fib projection at 1357ish
wonder if it will bounce on that ray
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