Bitcoin Cash (BCH) is currently showing multiple technical signals that support a potential bullish continuation.
A reversed Head and Shoulders pattern is in the process of forming, and it aligns well with several key confluences — including the Ichimoku Cloud and volume profile support zones.
A breakout above the $430 level would not only confirm the pattern but also activate a bullish flag formation, adding further momentum to the setup. In that case, the next immediate target would be around $452.4.
This setup remains valid only upon confirmation of the breakout. Until then, caution is advised — a clean break and retest would offer the most favorable entry.
— Thanks for reading.
A reversed Head and Shoulders pattern is in the process of forming, and it aligns well with several key confluences — including the Ichimoku Cloud and volume profile support zones.
A breakout above the $430 level would not only confirm the pattern but also activate a bullish flag formation, adding further momentum to the setup. In that case, the next immediate target would be around $452.4.
This setup remains valid only upon confirmation of the breakout. Until then, caution is advised — a clean break and retest would offer the most favorable entry.
— Thanks for reading.
Order cancelled
BCH could not reach 430. Trade is cancelled. 
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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.
Disclaimer
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.