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
Nota
Fibonacci Analysis and Targets.
-AB
Nota
Spiral Analysis
X Marks the Spot!
Nota
BCH has broken out as expected.
Nota
Nota
Wave Formation to mark the end of the correction?
Nota
Wave 3 targets=1-1.618
STOP=$524
Nota
Higher Degree Wave 3 Targets
Nota
Why the stop at $524.00?
Rules of Waves
Nota
Overview
Nota
Looks like the LOWER DEGREE Wave 3 is extending because it blew by the 1.618 Level. Nota
Confirmed Breakout.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.