Bitcoin Cash (Kraken: BCHUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, BCH began a wave one advance in December 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June, and the red wave two (blue sub-waves a-b-c) correction could have ended this month. If this wave count is correct, BCH should be heading next towards the June peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Bitcoin Cash is "Peer-to-Peer Electronic Cash". You can watch their presentation earlier this month below.
(Sources: https://www.bitcoincash.org/)How Will Bitcoin Cash Trade?
Bitcoin Cash (Kraken: BCHUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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