Updated

BCH BABUSD H&S failure or crash mode again?

Looks like a solid H&S, but we can clearly see the the volume is not really confirming it. So there is a decent chance we could see a higher low above the neckline and make a push up and a counter rally up. But if the 180ish breaks, the H&S will become likely

Previous analysis:

Note

If bitcoin can hold the current low around 3780, we could see the H&S here fail. But still a day or so i think until we can say which one it will be

Note

Normally i would say the H&S is off the table, right shoulder is way too big. But a neckline is a neckline. If that support breaks, we will see at least some reaction. Already starting to make lower highs on the low time frame. Just needs to stay above the neckline. The rest is noise. Also a chance for a triangle.

Bulls want to see it stay above that green zone on the left, that would mean the full throttle bull mode could still be in play, like other BCH rallies we have seen this year. If it drops below it, it will be less strong and more neutral

botje11

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