BCH/BTC cycle for 119 days! Breakout!

After exactly 119 days, BCH repeat another cycle. Closing bar (1D) from yesterday was confirmed a breakout from the downtrend line. It's also moving higher from the EMA-20. May be the price will have a slight correction. But don't worry because it still in play for our R:R (>1). It already Trigger my point. In the last Cycle, BCH was moving to 0.618 Fibo for the retracement. I think this time 50% fibo would be atractive. First Target will be located near SMA-50 and another will be at Fibo 0.5. So dont forget to do your own reseach and have a happy trading!
Goodluck!