BCH still has many drops to come!From where I wrote "START" on the chart, the BCH symbol has entered the corrective phase.
Examining the waves, we seem to be inside an ABC.
Wave A has formed and we are now in Wave B. Our B wave has become a diametric, the last wave of which is only g left.
It is expected that wave G from B will end in the red supply box or a little higher, and we will enter wave C of a big drop and go down to the lower green box on which I wrote TP.
I specified the invalidation level, that closing a daily candle above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
