Bitcoin Cash has broken out of the triangle pattern in the four-hour chart.

https://s30.postimg.org/pnitv0v7l/nimet_n.png

(*Chart courtesy of Tradingview.com*)

In Elliott Wave terms, Bitcoin Cash began a wave one advance on August 6. The wave one finished on August 8, and the wave two correction ended on August 10. The wave three advance finished on August 19, and the wave four correction ended on August 21. If this wave count is correct, Bitcoin Cash should be heading next towards the August 19 peak in the wave five.

https://s30.postimg.org/posrofx1d/nimet_n.png

(*Chart courtesy of Tradingview.com*)

https://s17.postimg.org/7zbxkykfz/maarnio.png

If you think this analysis is correct, upvote this post and upvote the comment "Bitcoin Cash will takeout the August 19 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Bitcoin Cash will drop below the August 10 low".

If you think Bitcoin Cash is in a range, upvote this post and upvote the comment "Bitcoin Cash will stay in a trading range between the August 10 low and the August 19 peak until September 23".

You can upvote the comment until 3 PM EST August 24 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.