Hello traders, Here I have checked the 4H chart of BCHUSD!
The price has had a triangle move, after short term bear trend
I predicted in my previous analysis and we got the price action!
After the short correction, the price is ready for a new up wave.
Since price has broken triangle support(2500)
The ADX are showing the beginnings of a change of command from bears to the bulls.
I believe that price will find a true bottom @ 2350-2500
I am expecting an up move up to begin, to reach target of at least 3700.
If price successfully go level at 4100, price could extend further to the highs.
I will be updating this analysis if it exceeds 30 likes.