From the technical point of view, BCH / USD upside is limited by 50 - DMA at $ 1,200 with the ultimate
bullish target at $ 1,755, which coincides with 61/8 % Fibonacci retracement level and 100 - DMA.
It's actually Morgan Stanley that's carrying the bullish flag for the stock market, expecting the gauge to climb to 2,700 by the end of first quarter 2018 — the
most bullish target on Wall Street.
Once it is broken the upside will be extended towards $ 1,200 with the
ultimate bullish target at $ 1,755, which is created by 61/8 % Fibonacci retracement and 100 - DMA.
A bullish target at $ 1,249 per ounce has been temporarily aborted for spot gold and will only be resumed when the metal breaks above resistance at $ 1,237, according to Reuters technical analyst Wang Tao.
The EIA released
the bullish targets as part of an early release of its 2014 Annual...
Hitting of
a bullish target confirms the upwards trend.
Then, minus that product from the highest high of the past 22 bars for
a bullish target.