We are getting to the pointy end of the long term penant forming on the 4hr chart..
There have been indicators of slight volume accumulation in the last 12HR period, volatility has decreased and with a direct BCH trading pair launching on Bitstamp very shortly I think we could see a big breakout.
Price prediction: If we break through resistance at 1800 I think...
Long term: Overall trend is strong, expecting a long term price goal of 2100.
Short term: Overall market selloff has caused BCH to suffer, short term bull trend broken. If it is to reverse need to break double resistance lines of approx 1410, 1460 respectively. If resistance is broken and trend reversal occurs, short term price goal is 1740.
If trend is not...
