Get started
raifniall

BCH Pennant

Bitcoin Cash / Tether USD (POLONIEX:BCHUSDT)  
raifniall Updated   
POLONIEX:BCHUSDT   Bitcoin Cash / Tether USD
Trend Analysis
4
0
trendanalysis
BCH pennant on the one day. If the previous two pumps were wave 1 and 2, then we could see a nice big impulsive 3 wave. We have to keep an eye out for breaks in the pennant.

What are your thoughts: bullish or bearish?
Comment:
This was invalidated by the BTC crash. I am expecting more downside, but notice that we now have what *may* be a defending triangle on BCH.
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.