Hello traders, Here I have checked the 4H chart of BCHUSD!
The price has had a triangle move, after short term bear trend
I predicted in my previous analysis and we got the price action!
After the short correction, the price is ready for a new up wave.
Since price has broken triangle support(2500)
The ADX are showing the beginnings of a change of command from bears to the bulls.
I believe that price will find a true bottom @ 2350-2500
I am expecting an up move up to begin, to reach target of at least 3700.
If price successfully go level at 4100, price could extend further to the highs.
I will be updating this analysis if it exceeds 30 likes.
The price has had a triangle move, after short term bear trend
I predicted in my previous analysis and we got the price action!
After the short correction, the price is ready for a new up wave.
Since price has broken triangle support(2500)
The ADX are showing the beginnings of a change of command from bears to the bulls.
I believe that price will find a true bottom @ 2350-2500
I am expecting an up move up to begin, to reach target of at least 3700.
If price successfully go level at 4100, price could extend further to the highs.
I will be updating this analysis if it exceeds 30 likes.
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I will be updating this analysis if it exceeds 30 likes.Note
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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.