It's almost time for the reversal in the cryptos. One of the best looking set ups out there is on BitcoinCash.
Looking at the charts you can see that BCC broke out of the long downtrend and has since pulled back in a nice channel back towards the lower support line.
Looking at the smaller timeframe, the 15 minute, you can see we are waiting for a breakout that should take us all the way up to the upper resistance line. I am expecting to break this resistance line and then see another meaningful pull back before we will see the next BIG impulse move upward like we saw in the past. This BIG impulse move should take out the prior high set at 1600 before we see possible resolution of the move. This is almost 100% gain if you purchase right now which is why this is a screaming buy. Place your stops appropriately as you go up and if you are experienced play the big pull backs and wait for the resolution of this move.
I will update you guys as this move plays out and when to look for meaningful pull backs within the charts. As always have a great day and a better one trading!