Can BCH break higher?! BCH has been really tricky, but shown some signs that it wants to move higher. Right now I keep seeing support on a very small sub harmonic- that should play out. It also is preventing the associated crab pattern from completing the C leg which is a bull type of setup. If price continues to hold above then this goes higher. Follow the purple lost motion line.. it serving as an excellent diagonal support line. If price goes below the purple than we may find support at C leg of the crab pattern... if not look for higher prices and they will come fast. There is a bigger pattern to the far left that has not completed so prices could go higher than where I have marked right now. The key is to watch price action above purple dotted line.
**WARNING there is a strong resistance mark- red line- and this holds true for the major pattern as well as the sub pattern.. so watch for possible resistance here to the downside. (this would mark a triple top on the price action). If we cannot get higher this would be bad for LONG move.
Summary- stay above purple line.. and red line- we should go higher! Anything rejects on these we go lower.
