BCH/BTC valid or false breakout?

BCH/BTC valid or false breakout?

Bitcoin Cash / Bitcoin BITFINEX:BCHBTC


BCH/BTC dropped significantly today and could inalidate the breakout above the upper median line (uml) of the descending pitchfork . Price has found a very strong resistance at the 50% Fibonacci line of the ascending pitchfork . A failure to close above this line could signal that the rebound is completed and the price could start another leg lower soon.