BCH update
The price broke a critical Fibonacci level (78.6%).
The recent higher lows near the apex of the triangle might suggest growing bullish momentum, hinting at an upward breakout.
As the price nears the apex, the likelihood of a breakout increases. The tighter the triangle, the closer it is to resolving.
If it breaks above the red descending resistance line with strong volume, the next targets are:
The 127.2% Fibonacci level (3,377.73).
Possibly extending to the 161.8% level (13,784.96), depending on momentum.
The recent higher lows near the apex of the triangle might suggest growing bullish momentum, hinting at an upward breakout.
As the price nears the apex, the likelihood of a breakout increases. The tighter the triangle, the closer it is to resolving.
If it breaks above the red descending resistance line with strong volume, the next targets are:
The 127.2% Fibonacci level (3,377.73).
Possibly extending to the 161.8% level (13,784.96), depending on momentum.
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