Bitcoin Cash has made a 5-wave uptrend since it’s fork on August 2017, moving from about $290 USDT to $4,200 USDT, as seen in the chart.
Since then it has start and 3 wave consolidation, were wave A decline from $4,200 USDT to $1,800 USDT, and we are currently in wave B. Wave B is symmetrical triangle, https://www.freeonlinetradingeducation.com/symmetrical-triangle-breakdown.html , which could last a while before we break out of it.
The Count on this chart suggest we should break downwards out of this triangle, with a price target of about $1,200 USDT or lower.
I’m waiting for lower prices and maybe a couple of weeks or months to jump into this baby.
Good Luck to You
So, the alternative count suggests we are still in the last 5th wave of this bullish move, with all-time highs expected soon.
Here is the new count:
And as a disclosure I am now long in it.
Good Luck in your decisions
Pattern not working.
Staying in out and in cash for now.