BCH/USD has shown a decisive breakout of 'Symmetric Triangle' pattern on 30 minute charts. Technical studies are also bullish, which support further upside in the pair. RSI strong above 50 levels and biased higher. Stochs show bullish momentum. We also see +ve DMI dominance with ADX support. The pair faces immediate resistance at 2540 which is nearly converged...
A bull flag fractal pattern is draw on the chart. We should see a 5 wave impulse, the first wave to test 4k, wave 2 to retrace, wave 3 to attempt again and breach 4k, 4th wave will find 4k as support, and wave 5 could go up to 4500 or beyond (hard to tell where it might end because we are at all-time highs). Also, just because crypto charts seem to love triangle...
BCH making higher high and lower high in the last 48 hours, bull flag finishing up, playing around and above 1750 range after breakout to 2k instead of a dive back to 850 like last time, Roger Ver loves BCH...shall I go on ?
BTG might have it's day in the sun in the coming weeks. I will be looking for an entrance when I see wave E break downward.
Well it Seems BCH is going to be the Next
On BCHUSD we can see a clear triangle right now. Technical analysis can´t tell us for sure where the price is going to leave this triangle (even when there is a strong support at 1430 USD). But we have also something fundamental in the game now. On 7th of December, BCH will be listed on Bitstamp exchange, so much more people will be able to trade it. This is...
Bitcoin Cash Buy setup Buy limit : 900USD to 920USD target 1 : 1400USD Target 2 : 1790USD Stop loose : 725USD Wish you all the best guys :)