BCH In Depth 4/22/19 4hr: BCH IS FIRE

22 באפר׳ 2019

The zipper pattern is just so perfect! Looking at the 4 hr we are perfectly positioned for a last test and potentially break the top of our larger ascending triangle assuming we get through the center line of the zipper again. RSI at 47, MacD looking to make a bullish cross, 12, 26, 50 MA squeezed together and looking to re-cross with a bullish move. BUT, we also have the 200MA coming up right to the 243 support I have been mentioning in my previous in depth analysis. This would be an ideal bear target at the moment. 15% to the downside and if that support breaks; wow you would be looking at 37 to 42%. However, if we break bullish, fill the rest of this gap and confirm our bull flag; that is 42%. BCH is FIRE for trading.

Correction *beats hiding in the bushes on the 1 Day chart