From waves, we appear to be in the 3rd wave which is usually the strongest, this make sense of the sudden spike after the consolidation in the last day or two. To be conservative, I'm expecting that 3rd wave will not reach the upper channel and before that we will have corrective 4th wave and then the final run to smash through the channel upper level.
The good thing is that I checked the waves in Daily, 4H,1H etc views and they align very well.
opening trading for BCH is also very positive leading up to that date (although there could be initial dip then). The other fundamentals still hold strong
- 3rd in Market Cap
- 2nd most expensive coin
- carries the brand value
- Much lower price entry compared to BTC
So hold on to your coins for dear life while you ride this coaster, you can take some profits on the way up if you want. All the best!
Disclaimer: I'm NOT an expert and these are just my views. Please invest after you research throughly
Note that we are still in the channel
Lets look at the big picture. This is the daily chart, don't you think last night's dip was not really a big deal
Now the 4H chart looks similar as well
Now there could be some correction as well if we are in the sub-B wave. But thats ok
We have lower channel support at 1400 in case there is big dip. Now BTC can act as a temporary spoilsport if it undergoes major correction. So keep an eye on BTC
All the best!
So after the major ABC correction, we had quick 1-5 impulse wave and are correcting now in a mini ABC correction