BCHUSD
is ready for a strong breakout based on technical analysis and wave counts. Daily Chart:
1. Yellow Trend lines: Descending Triangle at terminal point and breaking to the upside above the yellow lines.
2. DC - Price is breaking the upper band
3. White Rectangle shows a complete Wave formation
4. Chande Kroll Stop shows price breaking above long and short stop lines
5. Price and Volume Trend is breaking out
6. Efficieny Ratio is crossing from negative to positive
7. Positive Volume Index
8. Volume Price Confirmation Indicator
9. Accum/Dist & On Balance Volume
I like to use these sets of indicator to confirm bottoms and breaking points.
FIBO SPIRALS - The price will hit and 'ride' the spirals and can be used for targets
1. Near-term Green
2. Intermediate-term Purple
3. Longer-term Yellow
BCHUSD
Today's Target is $654
See related idea: BCH- Break out or Breakdown?
I will update!
-AB
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Bình luận:
Correction...
1-1.618 Target Levels
75% of time the key level is 1.618.
1-1.618 Target Levels
75% of time the key level is 1.618.
Target Hit.