Long
BCH Bitcoin Cash, Long Term Low Set?
BCH is showing a similar picture as ADA, with a big volume breakout of what seems to be a long term bullish wedge. Same story as ADA, still allot of risk in this indecisive market.
That pattern inside the blue lines, looks like a triangle but it could also be the form of an H&S. So the price should stay above the blue line. The orange level should be the maximum for a drop, below that level we have to assume the H&S gets triggered.
There is one thing that i don't like about BCH, is that drop we had a week ago from 520 to 440, that makes this bullish view a bit shaky.
To be clear, H&S patterns are normally reversal patterns, so this H&S is very unreliable, but it's there.
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Previous analysis:
That pattern inside the blue lines, looks like a triangle but it could also be the form of an H&S. So the price should stay above the blue line. The orange level should be the maximum for a drop, below that level we have to assume the H&S gets triggered.
There is one thing that i don't like about BCH, is that drop we had a week ago from 520 to 440, that makes this bullish view a bit shaky.
To be clear, H&S patterns are normally reversal patterns, so this H&S is very unreliable, but it's there.
Please don't forget to like if you appreciate this :)
Previous analysis:
Note
So far it's following the path of that blue line, if it can stay above the blue line the chances will increase for an upwards movement the coming week or so. Note
BCH has dropped a bit more, but no dumping though. It looks like a bullish wedge has been formed. As long as it stays above the 440ish, we should see an upwards breakout and probably soon. 
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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.