Long

BCH - Ascending triangle and RSI bounce

By crow1980

Updated

if the RSI bounce that just happened stays above the circle chances are we start the continuation in the ascending triangle. I have two targets for myself here. 1st is new the top of the triangle. The second is the ascending triangle breakout target, should it break to the upside.

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Targets intact and respecting the pattern thus far

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First Target hit - let's see how btc behaves for target 2

Note

If you wanted to buy back for target 2 - It looks like it could be around 385 as a retest of support. if it finds support and holds - it could be a good re-entry

Note

Sitting at a support as we speak - it dropping below 404ish would be pretty bad for this structure. if it does drop, we'll want to see it bounce at the $260 range

Note

Trending up still and on the upper half of the Bollinger Bands - as long as BTC doesn't have some massive correction Target 2 should hit in the next week or two.

crow1980

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