Hey friends hope you are well, and welcome to the new update on Bitcoin Cash (BCH).
Falling wedge breakout:
On a weekly time frame, the 15th largest cryptocurrency has broken out a falling wedge pattern.
snapshot
For more details, you can also watch the below video:
Big symmetrical triangle:
After the breakout Bitcoin Cash was not able to continue the rally because of a resistance of big symmetrical triangle.
snapshot
Bull flag:
On a daily time frame, priceline of BCH has formed a bull flag and target for this bull flag is almost $1000.
snapshot
Conclusion:
Bitcoin Cash has broken out two major resistance levels of a falling wedge, and a big symmetrical triangle. Now the bull flag formation is signaling to the continuation of the rally.
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