BCH Weekly 5/6/19: Targets Seem Crazy
When you consider that this could be a giant bull flag; the targets seem kind of crazy. If we confirmed this bull flag, we would be looking in the mid to upper 400s. Lets call it 444 for my chart. BCH does have a tendency to got extreme though so 500s or even 600 seems in the realm of possibility. Our RSI is sitting nice at 49 breaking through some old resistance. MacD is firmly in a bullish uptrend even with our pullback. 13 and 26 EMA are now providing support again. I’ve been feeling this way for a while but this is continuing to look very bullish IMO. I think the drama is really holding this one back.
The 50 MA could stop us short of my upside breakout target.
The 50 MA could stop us short of my upside breakout target.
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