Updated
BCH/USD
BCH is currently consolidating in 12h cloud.
From there it may rally for a new all time high.
It seems that it's currently somewhere between Elliot wave 4-5. Even if this is not clearly seen with candles, it can be seen with lines.
It also seems that it's forming a pennant
I expect that the 5th wave to be at least the same length as wave 3, but it can be slightly lower.
This is an update for old prediction
From there it may rally for a new all time high.
It seems that it's currently somewhere between Elliot wave 4-5. Even if this is not clearly seen with candles, it can be seen with lines.
It also seems that it's forming a pennant
I expect that the 5th wave to be at least the same length as wave 3, but it can be slightly lower.
This is an update for old prediction
Note
Even if it broke down, I am still holding it as it seems to still have power to go further.Note
Stumbled over this chart from @Dalin_anderson and it really seems that we BCH made the same move BTC did in 2015.Note
It seems that I have counted wrongly the wave sequence.I will add more to the current position in order to get a better average.
First of selling targets is around the old buy zone but will also look for a possible all time high.
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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.