BCH - Falling Wedge/IHS Setup
BCH looks to have a bullish reversal forming on the daily. You can see the price action has been moving within this pink falling wedge since beginning of last year. BCH broke through resistance just the other day only to get pushed back under. However, the price is sitting on strong support as it rounds out that right shoulder. Unlike most alts which have had some bull runs of their own this year, BCH has not. So if this breaks to the upside, we could see a very strong move even beyond my IHS target.
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