Updates:
Posted an update on the 1Hour chart in the paid section. 6AM IST, 14th May
In our previous analysis we used TA + FA to plan for a long-term target of $10,000. That got us "READY" for Bitcoin Cash in 2018. However, I did mention that it will NOT be a straight line. So predictably we had (still having?) a healthy correction and this "SET" the stage for the next major leg-up. I will try to show you in this article that we are ready to "GO"
BCH was READY to move up since this tweet more than a month ago@$650
I drilled down the stunning things that make BCH an exceptionally solid interest in my past article (free segment). It would be ideal if you experience it on the off chance that you haven't as of now.
Notwithstanding that, here is some News and theory
• Bitcoin Cash is just 3 Billion shy of surpassing Ripple to take the #3 spot of most astounding MarketCap.
• The overhaul on the fifteenth will change the whole crypto advertise. BCH will be keeping pace with PayPal exchange limit. Stunning!
• The greatest (and soonest) pioneers ,business people , organizations are supporting Bitcoin Cash, in any event the ones who are sufficiently strong to state it out in the open - Gavin Anderson, RogerV, C.W, Ryan, Coinbase, BitPay, Rick Falkvinge, Jihan, Calvin Ayre
Brief technical summary for above chart
The above outline demonstrates that BCH has shaped a pleasant container and handle, in spite of the fact that it isn't impeccably level, which is alright. Likewise the handle development is normally not very profound and the cost has rectified 38% (Fib level) which is ideal for this example. The probable focus for this example is the measure of uptick from the base of the container ($625-$1785)
So I drew the green bolt from the base to the edge and afterward moved it to the handle and you can see that objective is coming to $2500. Decent!
What is more cool is that my different graphs - Elliott waves (diff time spans), Fibonacci (Fib) levels are indicating a comparable bull move inevitably. I'm not exceptionally experienced in Cup+Handle design , but rather I have some involvement in Elliott waves which will be accessible behind the paywall