BCH rally update!
Hey friends hope you are well, and welcome to the new update on Bitcoin Cash (BCH).
Falling wedge breakout:
On a weekly time frame, the 15th largest cryptocurrency has broken out a falling wedge pattern.
Big symmetrical triangle:
After the breakout Bitcoin Cash was not able to continue the rally because of a resistance of big symmetrical triangle.
Bull flag:
On a daily time frame, priceline of BCH has formed a bull flag and target for this bull flag is almost $1000.
Conclusion:
Bitcoin Cash has broken out two major resistance levels of a falling wedge, and a big symmetrical triangle. Now the bull flag formation is signaling to the continuation of the rally.
Falling wedge breakout:
On a weekly time frame, the 15th largest cryptocurrency has broken out a falling wedge pattern.
Big symmetrical triangle:
After the breakout Bitcoin Cash was not able to continue the rally because of a resistance of big symmetrical triangle.
Bull flag:
On a daily time frame, priceline of BCH has formed a bull flag and target for this bull flag is almost $1000.
Conclusion:
Bitcoin Cash has broken out two major resistance levels of a falling wedge, and a big symmetrical triangle. Now the bull flag formation is signaling to the continuation of the rally.
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.