[BCH(BCC) / USD: 5-2-18] Bullish Pennant?

in #altcoins6 years ago (edited)

Bullish Pennant in Formation?

rty.jpg



** Let's see the daily chart.
bch 5-2-18 d2.jpg

  • The price has been staying above ichimoku cloud for the last 10days.
  • MACD still look good.
  • Lack of volume..
  • Current bullish pennant formation shows the similarity as the last November's
    triangle formation but it's smaller.



** Let's look at the daily chart with Fibonacci Extension.
bch 5-2-18.jpg

  • In my opinion,
    if the price breaks up from the pennant,
    then it might hit $2,200 in June
    which is the 100% of Fibonacci extension point.



Disclaimer : Do your Own Research. My content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances.

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Thank you!

리수님 항상 감사!!

제이님 비트 차트분석도 한번 올려쥬세요 ~><

비트 올렸습니다.

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네 :)
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