An interesting thought that crossed my mind today is that perhaps by completely disregarding the range expansion of BCH on Nov 12 (which was almost certainly market manipulation), a better forecast can be made of what level BCH might rally to in the near term.
Using Time at Mode analysis without considering the enormous range expansion on Nov 12, BCH looks to be clearly trending along the low end target here.
I am still long BCH since even the low-end target here is a 25% gain. However, I think I am convinced that BCH most likely will not rally to the extent most technical analysts think or hope... not in the near-term at least.
Using Time at Mode analysis without considering the enormous range expansion on Nov 12, BCH looks to be clearly trending along the low end target here.
I am still long BCH since even the low-end target here is a 25% gain. However, I think I am convinced that BCH most likely will not rally to the extent most technical analysts think or hope... not in the near-term at least.