Long
BCH - One final leg up to $650+ after a brief correction
We may have 1 more 5th wave to a target of $650-670 if this impulse 1-5 plays out. However, we need to have a correction before that. The price going below $500 will invalidate the count
Its also positive that price has broken out of the downward wedge formation decisively.
Also we can see that overall correction appears to be over with a major ABC completion which has 5-3-5 waves. This chart shows the minor abc (green) and the final 5 waves down (red)
#BCH at these prices is a steal in the long-term
All the best!
Its also positive that price has broken out of the downward wedge formation decisively.
Also we can see that overall correction appears to be over with a major ABC completion which has 5-3-5 waves. This chart shows the minor abc (green) and the final 5 waves down (red)
#BCH at these prices is a steal in the long-term
All the best!
Note
We managed to stay out of the channelTrade closed: stop reached
As mentioned, price going below 500 will invalidate this structure
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.