The candles tell it all. It is self-evident, and inescapable. The stampede is going, sleepers back from holiday wil fomo. End of September we'll drop a bit to go like "BOOOH!" and then we'll have an ATH for Christ mas.
The breakout from the Falling Wedge seemed to get hammered down pretty quickly! o.O
But the pattern then took the shape of a cup and handle! ^^
This indicates to me that the bulls are determined to break through, and they're probably going to succeed this time!
Unless of course there's another hammer waiting to knock the break-out back downwards again. If that...
1. Solid accumulation zone 767 days.
2. Strong dynamic support.
3. Massiv volume is already in.
4. Exciting targets.
I have started picking up the position, it will take some time, no rush!
Stop Loss under the 178 EUR!
En utilisant un timeframe de 1h, on remarque qu'une formation épaule tête épaule inversée s'est formée il y a quelques jours. La ligne de coût est sur le point d'être éventuellement brisée. On peut donc avoir un objectif de +40e (distance entre la ligne de coût et le haut de la tête), ce qui nous permettrait de viser les 305e... reste à confirmer si la ligne de...
Bitcoin Cash has had massive downside after its all-time highs and went deep into the "Bear Zone" down to 65€ but never was able to get over 300€ ever since.
I will take a conservative look and see fully possible a 3x rally given the next altcoin cycle will start here soon.
There are however 4 resistance levels (237€, 300€, 415€, 615€) to break for BCH to reach...
If we claim €280 then we can take another long (target €315). Also, the Bollinger Bands are starting to get tighter.
Disclaimer: This is not financial advice, Under no circumstances will R0TT3M be held responsible or liable in any way for any damages and losses.
Looking at some important levels and what to look for in the future
BCH is at the moment pretty low, and right now would be a good moment to buy.
Regarding fundamental news, BCH will soon be again at 400$/+.