As usual BCH keeps going to extremes just when everyone thought it was dead. This rally is not really shocking because it got dumped extremely hard.
I can't find that 5 waves are done even after this 60%+ jump, so there appears to be 5th wave pending to be played. Either-ways it needs to cool off and I expect the 4th wave will correct to 0.5 to 0.618 Fib which also happens to be just above the $100. Staying above $100 will give confidence to the market
BUT if the price goes below wave 1 top ($90), we should consider that 5 waves were actually done
Take Care. Be Safe
I can't find that 5 waves are done even after this 60%+ jump, so there appears to be 5th wave pending to be played. Either-ways it needs to cool off and I expect the 4th wave will correct to 0.5 to 0.618 Fib which also happens to be just above the $100. Staying above $100 will give confidence to the market
BUT if the price goes below wave 1 top ($90), we should consider that 5 waves were actually done
Take Care. Be Safe
Note
wow..that was fast 100% hike from the recent bottom, and after taking a look at the count, there appears to be some juice left for another small hike. But that could mean the 5 waves are doneBe Safe (Long-term this coin is badly undervalued)
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Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
Related publications
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.