This is about as high of a probability on a breakout to the upside as you get with a descending triangle. It'll breakout due to a nice MASSIVE buy wall at 7950. I haven' t seen such a large buy wall in quite some time, so take solice in this fact that this bad boy is shooting upward within the next few hours.
Factors on the 1 hour....
1. MASSIVE Buy Wall at 7950 2. MACD is at a low 3. RSI is at a low 4. Stoch is at a low
Can't think of a greater way to start off the day than a BCH spike!
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Well looky there.....not but 15 minutes after I post this chart, we have a clear breakout.
@pawela122, first small hurdle will be at 0.20, and once it breaks that resistance, who knows. Plotting fibs for anything more than a day into the future is completely unreliable.