BCH about to break out?

After a parabolic move, -blowout, and subsequent retracement, BCH is now calmly meandering around the 50h -where it just found support- toward the upper edge of a descending triangle. If it breaks the 1397 USD resistance line, it could go for a nice run-up. The 38.2 and 50 fib levels could be targets for profit taking.

I am unqualified to present my interpretation as financial advice, which this is not ;)