Bitcoin CashLong
BCHUSD targets without bias.
Updated
Case for Up:
Conflunce on Fib levels which match targets:
- H&S bottom Gives us a return to the 78.6% fib extn. c.$1950-2000 where we will meet resistance.
- C&H: we will probably retrace from the H&S target to the top of the cup which will then look to retest the previous highs at $2600 and complete the ascending triangle.
- Ascending triangle once broken we are looking at the 1.618 target range of $4000- 43000.
Conflunce on Fib levels which match targets:
- H&S bottom Gives us a return to the 78.6% fib extn. c.$1950-2000 where we will meet resistance.
- C&H: we will probably retrace from the H&S target to the top of the cup which will then look to retest the previous highs at $2600 and complete the ascending triangle.
- Ascending triangle once broken we are looking at the 1.618 target range of $4000- 43000.
Note
Nice bounce off support Expecting BCH & the other coins to follow BTC soon.
Note
If bitcoin can keep its head up BCH is going to start making some big moves v soon.
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.