Bitcoin Cash looks to be forming a bullish triangle pattern

Gregor Horvat Wavetraders

Bitcoin Cash with ticker BCHUSD made a strong recovery back in July which might be wave III because a drop from $330 is overlapping, thus it can be a correction, so ideally that's a wave IV retracement, meaning that uptrend can still show up for wave V. But, maybe we will have to wait on a bullish breakout a bit longer as current price action since July can be an ongoing A-B-C-D-E triangle.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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