Expect Bitcoin Cash to move up vs Euro to 2500, 3500, 4000BCHEUR is less clear than BCHUSD but we expect the same priceaction in broad terms.
Price revisited 50% of the initial consolidation and is now moving away from that level.
Do not expect price to return to that level anytime soon.
Looking for an AB = CD play like in the the BCHUSD (see picture below)
Levels to watch are 2500, 3000 and ultimately 4000.
BCHEUR
BCH has formed a Symmetrical Triangle, likely bullishBCH has formed a Symmetrical Triangle which likely bullish, I hold some BCH and looking to add once it breaks. risk reward is pretty good for me and MACD is about to get a goldencross, with Bitcoin's insane fees and insanely slow tx, I think this will play out well.
TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.
BTG - Potential breakout point after an ABCDE correctionBTG might have it's day in the sun in the coming weeks. I will be looking for an entrance when I see wave E break downward.
BCH Long Target Target: $2100
Stop-Loss: $1515
Bullish flag, symmetry with the pervious move up. Also Approaching mid-term trend line where it should bounce if it fails to break out of the flag beforehand. I have given 3 options on how it will play out. Target is correlated with the 1.618% fib level established from the previous all time high. Be careful of a break of this mid-term trend line. Good luck and message me with any suggestions on how i can make these charts easier to read for you.