BCH/USDT - Bull or Bear symmetrical triangle
Bitcoin Cash apparently, is Satashi Nakomoto vision for Bitcoin.
I have included this in my portfolio and bought in over the past 8 months.I am bullish on this coin until Price action signals otherwise.
Price has respected both the resistance and support trendlines.
The correction occurred from the move fib from 8-9 Dec to 15-16 Dec where at the 3.618 extension the Bulls took profit. Price then met the 50% extension of the overall move fib and then the Bulls and Bears have been fighting it our since.
My bias is long.
If price respects the support trendline and the 0.382 overall swing fib around 2400 then its worth a shot.
1st target 5050( 1st corrective wave extension)
2nd target 6100 then 7475.
I have included this in my portfolio and bought in over the past 8 months.I am bullish on this coin until Price action signals otherwise.
Price has respected both the resistance and support trendlines.
The correction occurred from the move fib from 8-9 Dec to 15-16 Dec where at the 3.618 extension the Bulls took profit. Price then met the 50% extension of the overall move fib and then the Bulls and Bears have been fighting it our since.
My bias is long.
If price respects the support trendline and the 0.382 overall swing fib around 2400 then its worth a shot.
1st target 5050( 1st corrective wave extension)
2nd target 6100 then 7475.