scoroop

scoroop Updated 

Is it going to be a dead cat bounce or vertical bull run to ATH? Hopefully the latter - looking at strong trendline support and a triangle BCH needs to breakout or break down. Judging by general market sentiment and quite long accumulation phase where BCH visited 0.764 and 0.618 fib retracement levels after August bull run it has healthy foundations to grow.

scoroop

After visiting 0.764 and 0.618 retracement levels formed triangle. If it breaks above it, retests and volume appears we can expect leap to $0.1 and above for 1000SHIB. Idea is invalid if it falls below 0.618/triangle support line. Fasten your seatbelt and DYOR!

scoroop Updated 

Maybe it's just me seeing this, but the fact that bottom of bollinger bands hasn't been touched for quite a while, because support from the trend has been placed higher and is visibly enough. On the other hand we have squeezing under a recent resistance. It needs to play out somehow within a week or so. Looks like a lot of steam in the kettle ;) which ends up...