BCH May Be The Next MYX - 5-10x Coin TL;DR – BCH is lining up a classic supply-shock + utility-boom setup.
Halving has already cut new coins 50 %, while CashTokens + May-25 upgrade unlock real smart-contract demand. Fees are still < $0.01 so merchants keep onboarding, and Wall-Street-backed EDX just gave institutions a clean on-ramp
Bitcoin Cash Makes Bullish "W" PatternThere is a clear W formation on the chart with a double-bottom which is very bullish.
It's easy to predict a coming bull run in phase 3 of the Bitcoin bull cycle, but the main goal of this post is to identify the potential price targets to secure profits at.
I'll be using the fib levels selling:
Bitcoin Cash BCH: $495 | Breaking out back to FRESH HiGHS a fork or spin off from original Bitcoin
created for scale more txn lower fees and faster
nice consistent volume
supply under the custody of big 3
could be best performing among OG coins
with less fanfare promotion and founder being distant from it
Time fixes everything
and this may just be
A descending triangle Commonly known as bearish pattern. Price has been increasing for the past few weeks forming a descending triangle. It has attempted to two weeks in a row and price got rejected. As it got close the volume decreased in this particular patten, will this be the invalidation and is it in an accumulation
Bitcoin Cash Breaks Structure With Bullish MomentumFenzoFx—Bitcoin Cash remains bullish, trading back above the VWAP from July 24 near $582.9. Today’s breakout above $572.6 featured a strong bullish engulfing pattern, leaving a fair value gap now under test.
The outlook favors revisiting the $607.0 high, and with the trend still positive, it’s adv
BCH Breaking out. Possible TargetsLooking at the monthly chart there are two major multiyear trendlines (green, we are currently breaking out of) and the yellow one.
If we take the height of the green wedge we would have a PT of ~1900 which would allign with the 2.618 fib extension of wave 1 finally breaking the yellow trendline
BCH/USD Chart Analysis: Higher Highs Fuel Bullish Outlook
Price is riding the upper half of the Bollinger Band.
Price recently bounced from the middle band, a bullish continuation signal.
Multiple bullish candles with small upper wicks, showing buyers are in control.
Recent pullbacks have been shallow, indicating strong buying interest on dips.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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