BCH - Get ready for 5th wave to $650+

4th wave appears to be ending as a triangle (as they usually do). Note that we need to hold above $500-510 for this structure to be valid, also 200 Day EMA (pink) is adding support at 510. Breakout can be considered above $550

50 Day EMA (orange) has crossed 200 Day EMA which is bullish.

All the best. Be Aware Be Safe

Note

Note

Our support line held exceptionally well and we did not go below $500 keeping our impulse structure valid

Trade closed: stop reached

imkeshav

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BCH - One final leg up to $650+ after a brief correction

by imkeshav

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