Possible Inverse H&S pattern forming on BCH

5 Kas 2018

After recent bullish price action BCH looks likely to test the big resistance line at around $660 USD. I'm anticipating a rejection here which could lead BCH into the right shoulder of my projected InvH&S pattern highlighted on the chart. The neckline would be the major resistance at around $660 USD. This is obviously just speculation at this point but with the crypto markets poised to reverse soon this development is worth keeping an eye on. Updates to follow if this plays out.

Happy Trading

-Yoshi