BCH-Break Out or Breakdown?
BCHUSD is poised for a BREAK-OUT!Technical Analysis:
BCHUSD has been in a Bear Market Rally and has been consolidating for almost 8 months now. 1. Overall Chart (Weekly)
a. Regression channel since inception shows the price is in the UPPER channel and has been trending in the middle of the regression channel
b. White Trend lines show a large descinding triangle formation
2. Overall Chart (6Hr)
a. Small Triangle formation
b. Bolinger Bands and Keltner Channel Squeeze
3. Overall Chart (45Min)
a. Small 5 Wave Cycle and a Complex Correction
Ran out of time but will update soon.
-AB
Not
Fibonacci Analysis and Targets.
-AB
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Spiral Analysis
X Marks the Spot!
Not
BCH has broken out as expected.
Not
Not
Wave Formation to mark the end of the correction?
Not
Wave 3 targets=1-1.618
STOP=$524
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Higher Degree Wave 3 Targets
Not
Why the stop at $524.00?
Rules of Waves
Not
Overview
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Looks like the LOWER DEGREE Wave 3 is extending because it blew by the 1.618 Level. Not
Confirmed Breakout.
Feragatname
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