Bitcoin Cash (BCHUSD): Structure Breakout & Bullish Continuation
Bitcoin cash broke and closed above a key daily resistance cluster.
Now we see its retest.
I will expect a bullish wave from 622 - 656 demand area.
Next goal for buyers 782 - 802 resistance area.
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BCH
BCH Elliott Wave Chart by CryptoKnee Looks like 640 held! At the moment, a potential Zig Zag down complete is possible, which would still fit with this count variant. A zig zag complete does not necessarily mean the correction is over, especially in a wave 4. So watching how this developes. Green done, yellow some more correction, red bad for short term bulls. Watching these support resistances which ever way it choses. Super bull, this is a 1,2 1,2. Bear this impulse, if completes, is a C of a ZZ.
Bitcoin Cash Price Analysis: we expect BCH/USD to test $615 Bitcoin Cash has experienced yearly gains of up to 180% since January 1st, counting down to the second-to-last month of 2021. Thereby suggesting significant returns for cryptocurrency traders from the annual price opening of $342 to today’s daily high of $619.
BitcoinCash Ready for Breakout and Potential 500% from here.?#BCH/USDT TA Update :-
$BCH trading around $600
And Waiting to breakout $650
After Breakout $BCH will be fly.
Entry:- $550-$600
Targets:- $971/$1500/$2200/$3000
Stop Loss:- $490
Support:- $550/$490
Resistance:- $650/$971/$1507
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Target 540 reached, whats next ?#NCH/USDT Update:-
$BCH currently trading at $557
BCH has broken the ascending wedge around 625 and the 50MA did not hold
He did retest the previous descending channel around 540 as predicted.
He is now out of bollinger (4h) and broke the 200MA. He should retest the 200MA around 580 before consolidating for a pull back or not...
We will see.
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Is BCH going back tp 540 ?#NCH/USDT Update:-
$BCH currently trading at $612
BCH has broken the ascending wedge around 625 and the 50MA did not hold
We have still the 200MA and 200EMA that can hold but we also can see a retest of the descending channel aroung 540
What do you think ?
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