BCH usually makes its moves midway through Alt runs. Currently testing a major level with dual fib resistance. Break could run for a while, or reject for end of pump.
$ 475.27-480.75 is the key level of interest. Rejected once already but bulls are back again. Break this time should run, tight SL just below.
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Previous Analysis that caught the top EXACTLY (of course) :)
Zoom in (m5)
We have a picture perfect Break-and-Retest entry.
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Looking above a little bit:
We have a Genesis fib at $575.73
Thus our first target and partial TP.
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Placing a fib on the bounce:
Gives us an alternate target of $600.15 (green 4.236).
Thus we have two targets to watch.
An exact reaction and starts of a pullback are signal to tp.
I like to sell some at each target, and trail stop on the rest.