Big movement expected on BCHCAD after a breach of the resistance

BCHCAD has broken through a resistance line of a Falling Wedge and suggests a possible movement to 274.7509 within the next 12 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 3 days.