This is the distribution of bitcoin cash on a 4hr chart. You can set your buy order at S1. If R1 is broken, there is every tendency that bitcoin cash will hit R2. It will be maintain little equilibruim before the next distribtution.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.