BCH-BREAKING AND TARGET

1 Sep 2018

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

BCHUSDToday's Target is $654


See related idea: BCH- Break out or Breakdown?

I will update!

-AB

2 Sep 2018

Nota

Target Hit.

2 Sep 2018

Nota

2 Sep 2018

Nota

Correction...

1-1.618 Target Levels

75% of time the key level is 1.618.