✴️ Headed Towards $555 | Bitcoin Cash Looks Very Promising
Updated
Bitcoin Cash (BCHUSDT) looks very promising right now. The retrace after the major bullish breakout ending 30-June lasted only 48 days, until 17-August. After this retrace we have a bullish consolidation phase characterized by an ascending channel. This consolidation phase has been going for 132 days, very long by Cryptocurrency standards, more than four months long.
In this phase we have higher highs and higher lows.
The retrace was weak, no sellers showed up; Double bullish.
👉 Now that it is clear that Bitcoin Cash will continue higher, we have one target only around $555 (118% potential).
Along the way, there can be a stop at $317 and $357.
These are for the short-term.
This bullish resumption is only starting today, but it looks good... Things can change if there is a rejection or prices reverse and close below support (orange).
Namaste.
In this phase we have higher highs and higher lows.
The retrace was weak, no sellers showed up; Double bullish.
👉 Now that it is clear that Bitcoin Cash will continue higher, we have one target only around $555 (118% potential).
Along the way, there can be a stop at $317 and $357.
These are for the short-term.
This bullish resumption is only starting today, but it looks good... Things can change if there is a rejection or prices reverse and close below support (orange).
Namaste.
Comment
Bitcoin moving strongly and headed easily toward our target.Patience is key.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
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.