Long
Bitcoin Cash | Potential Bullpennant Breakout Coming Up [BCHUSD]
Bitcoin Cash is forming a bullpennant on the lower timeframes and looks like it's getting ready for a breakout.
If prior resistance around the red box breaks ( ~0.09 Sats, $600 USD), I wouldn't be surprised to see continuation of the little bull run up to $1000, leading up to the hardfork on November 15.
This move would be supported by the double bottom and fueled by FOMO.
Prior to the hardfork, I'd say get the hell out because the RSI on the Daily is already starting to get overbought.
If prior resistance around the red box breaks ( ~0.09 Sats, $600 USD), I wouldn't be surprised to see continuation of the little bull run up to $1000, leading up to the hardfork on November 15.
This move would be supported by the double bottom and fueled by FOMO.
Prior to the hardfork, I'd say get the hell out because the RSI on the Daily is already starting to get overbought.
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