BCH about to break out?
After a parabolic move, -blowout, and subsequent retracement, BCH is now calmly meandering around the 50h -where it just found support- toward the upper edge of a descending triangle. If it breaks the 1397 USD resistance line, it could go for a nice run-up. The 38.2 and 50 fib levels could be targets for profit taking.
I am unqualified to present my interpretation as financial advice, which this is not ;)
I am unqualified to present my interpretation as financial advice, which this is not ;)
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.