BCH Possible Breakout to 5k+ 130% Gain - Fib Based

POLONIEX:BCHUSDT   Bitcoin Cash / Tether USD
BCH could break out to 5k+ very soon. It is consolidating nicely and looks ready for upward movement near the very end of the triangle. It keeps testing the resistance at $2700. Current analysis shows 130%+ possible.

Things to watch after the breakout:
1. Wave 5 Peak
The last two highs were at Wave 1 (340%) and Wave 3 (250%). The Wave 1 high was based on a Korean Bithumb pump (the pump ended when the exchange's severs went offline). The Wave 3 high was based around the GDAX/Coinbase BCH listing. Both of these scenarios were short term and may not have an impact on Wave 5. The key level to watch will be around $5300 (130%). It could continue much higher into 6k+ if market makers encourage it.

2. Volume and Price Confirmation
Confirm the breakout with massive increases in both price and volume . Saying that seems obvious, but it is easy to miss until after a run is over! You can compare the previous wave volumes to get an idea of what could happen.

This is an idea of a future market movement. The current markets are highly volatile and can change at any moment. It is not a suggestion to trade, and I am not a financial advisor.
Bình luận: $2750 resistance broken. Off to the top!
Nice chart. A little observation: I think that 1.0 from fib can be a little bit lower have a closer look to my TA again

Not necesarrily as low as mine, but they should touch old tops (I believe).
You can see that I touched the tops for line chart, but they might be accurate if they touched the tops of candles.

Keep up doing good work.
+1 Phản hồi
jollygreen WealthMurphy
@WealthMurphy, Very true. $4800 at the 1.0 fib level sounds very reasonable. Good call! I like the conservative analysis.
Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Trang chủ Sàng lọc cổ phiếu Công cụ tìm kiếm tín hiệu Forex Tìm kiếm tín hiệu Cryptocurrency Lịch kinh tế Cách thức hoạt động Tính năng biểu đồ Điều khoản sử dụng Người điều hành Giải pháp Website & Môi giới Widgets Thư viện biểu đồ chứng khoán Yêu cầu tính năng Blog & Tin tức Hỏi đáp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh hồ sơ Tài khoản và Tính phí Tickets Hỗ trợ của tôi Liên hệ hỗ trợ Các ý tưởng đã xuất bản Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất