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
The 45m Timeframe
After a breakout and a retest, using my analysis, Bitcoin Cash has formed a new structure to some extent ranging and also definitely a triangle as we wait patiently to slowly retest back to to the long purple trend line formed. After a retest, we'll then be expecting some bullish movement as it gets closer to the end of the triangle which will eventually break out and continue a bullish movement.
There are high chances of this happening after my analysis on the 1 Month Timeframe.(scroll down to the last time frame for the 1 Month timeframe).
The 4H Timeframe
Using The 4h timeframe, we'll see a more clearer picture of the soon ending triangle formation which we can account for a bullish movement.
Before this will be happening, we're still waiting patiently for the rest on the purple trend line on the 4h timeframe. And Finally..
The 1 Month Timeframe
Using the 1 Month Timeframe, the Big Bearish Candlestick that was formed earlier which made us go into a dip,is now closing up, which is definitely a good thing. But what we want is for the candle stick to close inside the formed triangle and not outside it. Reason being that it closing inside of the triangle makes a bullish movement even more possible. And most importantly, this is the 1 Month timeframe where I'll say "the candle movements are expensive".
Chances are it will go in our favor since it already started to close up.
Feel free to comment on what you think about the current price of BCH.
https://read.cash/@InvestorOmar/update-free-bitcoin-cash-chart-analysis-bch-to-the-moon-3cbb7e90
https://read.cash/@InvestorOmar/update-crypto-to-the-moon-bitcoin-cashbtc-12dfd928
Peace.
Wow....it was a great knowlegeble artle añd it was so intrrsting and infomative