BCH-USD Bullish Pennant

Pretty obvious pattern to me. Hope it will break out as expected and reach 500-550 within a few hours.
Comment: This was interesting to watch the unexpected breakout happening on the down side. If zoomed in, you can clearly see how the price movement accelerated 2x-3x as it breached the triangle boundary.

I expected it to break upwards and continue previous trend as usual, but market conditions and BTC price surge influence made it go the other way. I think a lot of funds have moved from BCH to BTC at that time.


Thank God it broke south.
Allroad konstantinkoll
@konstantinkoll, it could've gone either direction, but usually these things tend to continue the trend. I think this was a special case considering that BTC was making ATH moves at the time.
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