BCH-Break Out or Breakdown?
BCHUSD is poised for a BREAK-OUT!Technical Analysis:
BCHUSD has been in a Bear Market Rally and has been consolidating for almost 8 months now. 1. Overall Chart (Weekly)
a. Regression channel since inception shows the price is in the UPPER channel and has been trending in the middle of the regression channel
b. White Trend lines show a large descinding triangle formation
2. Overall Chart (6Hr)
a. Small Triangle formation
b. Bolinger Bands and Keltner Channel Squeeze
3. Overall Chart (45Min)
a. Small 5 Wave Cycle and a Complex Correction
Ran out of time but will update soon.
-AB
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Fibonacci Analysis and Targets.
-AB
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Spiral Analysis
X Marks the Spot!
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BCH has broken out as expected.
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Wave Formation to mark the end of the correction?
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Wave 3 targets=1-1.618
STOP=$524
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Higher Degree Wave 3 Targets
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Why the stop at $524.00?
Rules of Waves
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Overview
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Looks like the LOWER DEGREE Wave 3 is extending because it blew by the 1.618 Level. Note
Confirmed Breakout.
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