There has been some irrational sell-off (or was it price manipulation?) in BCH earlier. Nevertheless, the chart shows some promising signs:
1. A bullish gartley
2. A rising wedge
3. A rising channel that's only broken in this reactive sell-off
Nonetheless, upward movement is unlikely until the market stabilizes. There are also some bearish indicators.
Originally, I was hoping for $2500 by mid December. I think this target is unlikely to be met. $1800 would be probable.
1. A bullish gartley
2. A rising wedge
3. A rising channel that's only broken in this reactive sell-off
Nonetheless, upward movement is unlikely until the market stabilizes. There are also some bearish indicators.
Originally, I was hoping for $2500 by mid December. I think this target is unlikely to be met. $1800 would be probable.
