Updated
Bitcoin Cash (BCH/USD). Two options of consolidation.
Option 1: WXY flat correction (yellow labels, red and blue arrows) implies further weakness to hit lower levels.
Option 2: ABCDE triangle (white labels, blue polyline) shows the hit of triangle sides first and then continuation to the upside.
Option 2: ABCDE triangle (white labels, blue polyline) shows the hit of triangle sides first and then continuation to the upside.
Note
Option 3: Y ends at the final point of W = 851
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.