Forex_Academy

BCH/BTC valid or false breakout?

BITFINEX:BCHBTC   None
BCH/BTC dropped significantly today and could inalidate the breakout above the upper median line (uml) of the descending pitchfork. Price has found a very strong resistance at the 50% Fibonacci line of the ascending pitchfork. A failure to close above this line could signal that the rebound is completed and the price could start another leg lower soon.
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