BCH-Coming Around the Mountain

BCHUSD looks like a winner and has had the most constructive price action out of the big three ( BTCUSD , ETHUSD , BCHUSD )

1. We are in the midst of forming a solid Inverse Head & Shoulders outlined in the blue arcs.

2. We had an Elliot Wave 1 which retraced back to the Fibonacci Level of 50%

3. Wave 2 is at the end of it's ZigZag Correction

The next target is at the Fibonacci level of 1.382 & 1.618 which is an extension of Wave 1 & Wave 2.

If Wave 3 passes the previously mentioned Fibonacci Levels then we will go up up 7 away. But, more likely we will see at 38.2% retracement of Wave 3.

Stay Thirsty,

-AB

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