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Bitcoin Cash

BCH-BREAKING AND TARGET

By FibMarketWatch
Updated
BCHUSD is ready for a strong breakout based on technical analysis and wave counts.

Daily Chart:

1. Yellow Trend lines: Descending Triangle at terminal point and breaking to the upside above the yellow lines.
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2. DC - Price is breaking the upper band
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3. White Rectangle shows a complete Wave formation
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4. Chande Kroll Stop shows price breaking above long and short stop lines

5. Price and Volume Trend is breaking out
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6. Efficieny Ratio is crossing from negative to positive
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7. Positive Volume Index
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8. Volume Price Confirmation Indicator
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9. Accum/Dist & On Balance Volume
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I like to use these sets of indicator to confirm bottoms and breaking points.

FIBO SPIRALS - The price will hit and 'ride' the spirals and can be used for targets
1. Near-term Green
2. Intermediate-term Purple
3. Longer-term Yellow

BCHUSDToday's Target is $654
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See related idea: BCH- Break out or Breakdown?

I will update!

-AB


Note
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Target Hit.
Note
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Note
Correction...

1-1.618 Target Levels

75% of time the key level is 1.618.
Bitcoin (Cryptocurrency)bitcoinforecastcryptocryptocoincryptotradecryptotradercryptotradingTechnical IndicatorsTrend AnalysisWave Analysis
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