Bitcoin Cash / USD Possible Bullish

Base on Technical Analysis and chart pattern, we have a descending triangle which is the sign of Bullish. Base on Elliott wave, we have a leading diagonal at the 1st-wave of an impulse wave which is also sign of the bullish trend for creating the 2nd-wave. It seems that we have a zigzag pattern as the 2nd-wave correction. It is difficult to say exactly that b-wave has been already completed or we have another swing ahead. It is a bullish trend but there is a possibility of retracing one more time from 171.06 to 165.214. notice that 165.214 is the maximum retracement for the b-wave and it is possible that price bounce up before getting to this level.


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