Hello everyone. Hope the recent bullish market is finding you in good spirits. I wanted to talk about a likely target for Bitcoin Cash(BCH). With the recent bullish trend taking over, I think it's important to show a realistic target for this cute coin, not just "MOOOOON". So here it is:
-A Bullish Rectangle formed recently -Price action broke above it -The target for a Rectangle is the height of it, ADDED to the top. Both of these are shown by the vertical black dots. -MACD, RSI, and moving averages are all looking bullish, with no divergence in sight(at least not now). -I expect BCH to keep moving towards this target until indicators provide evidence otherwise(such as a negative divergence or crossover).
I will keep you all updated with the action. Until then, Stay healthy folks <3
-Dr. Don't Watch ^_^
评论
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Greetings! Looks as if BCH has been working its way towards the target. However, just as BTC is going through a short correction, I believe BCH will do the same. You can see at the moment the bulls are getting a little exhausted in the short term. They will most likely rest for a little before going up again. Let's see how it plays out. -Doc
交易结束：到达目标
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1570s Target hit!!! Dr. Don't Watch with another accurate diagnosis!
I'll be closing this idea now because of this. But if you want to ride it out even longer, It looks as if the indicators are all still very bullish. Check the 4 hr chart:
I may revisit BCH in the near future, but for now I must answer my clinical duties... Cheers and good luck! -Doc