Breakout For Bitcoin Cash Coming Up?

in bitcoincash •  7 years ago 

It sure looks like it when you look at the 4 hour chart. Here it is?

FireShot Capture 329 - BCHUSD_ 670.8800 ▼−2.42% - Unn_ - https___www.tradingview.com_chart_AxIWekrr_.png

Comment: From this chart you can clearly see the pennant formation and it is about to meet its destiny, most likely within the next 5 hours. So, are we going up or down, that is the question?

I would assume that we are going up from here, but it is all very uncertain due to the upcoming Segwit Activation for Bitcoin, so it could go either way.

Anyways, if Bitcoin Cash surpass 750 we are probably headed for 1000. On the other hand, if we close below 550, we could go down a lot.

There you have it.

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Good post man

starting now I think!