Bitcoin Cash looks ripe for a run-up with an upside target of 150. Get out if price drops below 127.20. Good luck! Bitcoin Cash is traded as: BABUSD on Bitfinex BCHUSD on Bitstamp BCHABC on Binance BTC advocates, before you start trashing, please take note that I am only interesting in the profits here.
I assume that we are close (just a few days away) from another bch breakout. Possible targets from my point of view: 248, 304, 410. I assume that we will hit the upper trendline another time
Just because it is. Watch priceaction when candles hit one of the two lines.
BABUSD Uptrend, local correction. Have support and resistance levels by Fibo. RSI oversold.
BCH is forming a bull flag both on the smaller time frame and the longer time frame. The bull flag could signal continuation of the breakout from the falling wedge. The breakout of the bull flags could bring the price to the $230 to $235 resistance level (of the previous high). With a 1 to 1 extension of the flag pole, the price could reach $300!
From what I can see at the moment, there is a potential inverted cup and handle forming on the daily for BABUSD. If it falls to between USD$130-$140 in the next 24-48 hours, it should see a possible rally up to potentially USD$180 followed by a fall as low as possibly USD$105. Watch this space! This is my guess on what is happening with BABUSD on BitFinEx ATM....
Looks like a solid H&S, but we can clearly see the the volume is not really confirming it. So there is a decent chance we could see a higher low above the neckline and make a push up and a counter rally up. But if the 180ish breaks, the H&S will become likely Previous analysis: