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BCHUSD Flag Formation: Next long set-up on breakBCHUSD Update What a difference a week makes. Within hours of the last comment BCH had fallen away to a low at 1631, 7 points lower than the perfect entry point at 1638, before ripping 300% higher in 6 days flat. Facebook eat your heart out. Now it's in the process of making a flag formation which will stay good so long as the rising dynamic from the beginning of the move holds up price on all tests. A break above the upper parallel that's containing this downwave will be worth following for another retest of the highs... And on the flip side of this particular coin, if that dynamic from the 'lows' at 1766 gets broken at any point now it will then fall away further down the same parallel to 2420 where it should bounce once more.Although it looks more likely to break up rather than down from here, we don't really have to second guess this right now. The chart will tell us and we can follow.
BLong
by sumastardon
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