Bitcoin Cash Analysis; Crypto To The Moon #42

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2 years ago

DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.

With that being said, let's get into it;

1 Hour Timeframe.

We can really see the increase in price taking place on the 1h timeframe as we're on a steady increase.

After retesting a major key level multiple times, we finally got to cross or breakout of the key level in a bullish path as we landed on the nearest resistance zone.

We've currently formed a structure resembling that of a symmetrical triangle and that too came to an end of the triangle. So what happens next is quite important in what happens on the price movement of BCH.

There has been multiple retest on the trend line as we make it to the resistance zone.

We're expecting Either;

  • A continuous bullish movement, as we break the trend line acting as a resistance zone.

  • The resistance zone has much effect on us and after a retest on it, we go bullish for some time.

We all hope it's the first one though:)

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