Being asked about BCHUSD targets and it is difficult to nail down a top but as the structure of the complex unfolds it becomes more clear, kind of like if someone was painting a picture in front of you and as it gets closer to being finished it becomes more recognizable what it is. Ideally I would like to see three very similar looking bullish waves followed by a 4th slightly different slightly smaller and a 5th that is much much larger. If that situation happens then we are off the charts and well over 1200.
For now lets target the 800-900 area and we can update the target as the complex is revealed. A bearish breakdown would mean that this this third wave would fail to break to a significant high above this completed second wave and break down through our establish bullish continuation base trend line, and we would then consolidate back down to a higher low.
For now lets target the 800-900 area and we can update the target as the complex is revealed. A bearish breakdown would mean that this this third wave would fail to break to a significant high above this completed second wave and break down through our establish bullish continuation base trend line, and we would then consolidate back down to a higher low.