Looks like a mini fractal is playing out.
If you look at a smaller timeframe 1hr, 4hr, it looks like BCH is looking for a bullish continuation on an equilibrium pattern. I'm guessing this will take us to about 1500, at which point we the rest of the fractal will play out and take us back to the blue line.
Let me know your thoughts!
Short term long. Medium term short. Long term, remaining bullish!
If you look at a smaller timeframe 1hr, 4hr, it looks like BCH is looking for a bullish continuation on an equilibrium pattern. I'm guessing this will take us to about 1500, at which point we the rest of the fractal will play out and take us back to the blue line.
Let me know your thoughts!
Short term long. Medium term short. Long term, remaining bullish!