$BCH M15 Possible Bullish Shark Formation

• Possible correction dictated by potential bullish shark formation with D-leg completion peaking towards the 162% extended Fib level.

• Market trading below bullish NT and EMA20, and has evidently broken down the POC from earlier rejection from the VAH.

• Waiting for bearish NT to print and for EMAs to curve implying impending DX.

• TFO showing a bearish median cross, still have more room for further downside before oversold status.

• Break of EMA50 and VAL could have market test the strength of EMA200.

Key break points to WOF:

• $675.35

• $672.94

• $645.20