BCHUSD
is poised for a BREAK-OUT! Technical Analysis:
BCHUSD
has been in a Bear Market Rally and has been consolidating for almost 8 months now. 1. Overall Chart (Weekly)
a. Regression channel since inception shows the price is in the UPPER channel and has been trending in the middle of the regression channel
b. White Trend lines show a large descinding triangle formation
2. Overall Chart (6Hr)
a. Small Triangle formation
3. Overall Chart (45Min)
a. Small 5 Wave Cycle and a Complex Correction
Ran out of time but will update soon.
-AB
הערה:
Spiral Analysis
X Marks the Spot!
Spiral Analysis
X Marks the Spot!
הערה:
BCH has broken out as expected.
BCH has broken out as expected.
הערה:
הערה:
Wave Formation to mark the end of the correction?
Wave Formation to mark the end of the correction?
הערה:
Wave 3 targets=1-1.618
STOP=$524
Wave 3 targets=1-1.618
STOP=$524
הערה:
Higher Degree Wave 3 Targets
Higher Degree Wave 3 Targets
הערה:
Why the stop at $524.00?
Rules of Waves
Why the stop at $524.00?
Rules of Waves
הערה:
Overview
Overview
הערה:
Looks like the LOWER DEGREE Wave 3 is extending because it blew by the 1.618 Level.
הערה:
Confirmed Breakout.
Confirmed Breakout.
Fibonacci Analysis and Targets.
-AB