BCHUSD Elliott Wave (Coinbase)
Coinbase:
When Wave 3 is less than 1.62, the 5th Wave overextends itself.
From research, the ratio of Wave 5 will be based on the entire length from the beginning of Wave 1 to the top of Wave 3.
Extended Wave 5 = either 0.62 x length
(beginning of Wave 1 to top of Wave 3) or = length of
(beginning of Wave 1 to top of Wave 3) or = 1.62 x length of
(beginning of Wave 1 to top of Wave 3)
T1: $401 (support)
T2: $508
T3: $681
When Wave 3 is less than 1.62, the 5th Wave overextends itself.
From research, the ratio of Wave 5 will be based on the entire length from the beginning of Wave 1 to the top of Wave 3.
Extended Wave 5 = either 0.62 x length
(beginning of Wave 1 to top of Wave 3) or = length of
(beginning of Wave 1 to top of Wave 3) or = 1.62 x length of
(beginning of Wave 1 to top of Wave 3)
T1: $401 (support)
T2: $508
T3: $681
Trade active
Note
Heading for $527Note
Note
Quick Stat: BCH has traded above $1,000 during 9 out of 23 months of its existence (40%).Note
Bitcoin Cash currently above resistence on a huge potential ascending triangle. a confirmed breakout of this pattern would lead to 800s. Trade active
Note
Target: $682Trade active
Note
First U.S. government blockchain token to be backed by the Bitcoin Cash Network! reddit.com/r/btc/comments/c7vshk/local_us_government_to_use_bitcoin_cash_slp_tokens/
Trade active
BCHUSD trade setupNote
note toBCH halving April 8, 2020Note
note to hodlers:* BCH halving April 8, 2020. Great long term buying opportunity.
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Related publications
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.