Crypto2AF

BCH/BTC - Bitcoin Cash: Elliott Wave 12345

BINANCE:BCHBTC   Bitcoin Cash / Bitcoin
◳◱ On the $BCH/ BTC chart, the Elliott Wave 12345 pattern suggests an upcoming trend shift. Traders might observe resistance around 0.00647 | 0.00678 | 0.00728 and support near 0.00597 | 0.00578 | 0.00528. Entering trades at 0.00604 could be strategic, aiming for the next resistance level.

◰◲ General info:
▣ Name: Bitcoin Cash
▣ Rank: 21
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Bittrex
▣ Category/Sector: Payments - Currencies
▣ Overview: Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash system". It views cheap peer to peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal. Bitcoin Cash believes that starting as a medium of exchange is the superior route to becoming money in opposition to Bitcoin's strategy of first optimizing for securely storing value.

◰◲ Technical Metrics:
▣ Mrkt Price: 0.00604 ₿
▣ 24HVol: 45.006 ₿
▣ 24H Chng: -2.423%
▣ 7-Days Chng: -7.33%
▣ 1-Month Chng: -15.82%
▣ 3-Months Chng: 13.61%

◲◰ Pivot Points - Levels:
◥ Resistance: 0.00647 | 0.00678 | 0.00728
◢ Support: 0.00597 | 0.00578 | 0.00528

◱◳ Indicators recommendation:
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL

◰◲ Technical Indicators Summary: SELL

◲◰ Sharpe Ratios:
▣ Last 30D: -2.16
▣ Last 90D: 1.46
▣ Last 1-Y: 1.26
▣ Last 3-Y: 0.45
◲◰ Volatility:
▣ Last 30D: 0.42
▣ Last 90D: 0.63
▣ Last 1-Y: 0.78
▣ Last 3-Y: 1.05

◳◰ Market Sentiment Index:
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.56 - Bullish
▣ Reddit sentiment score is 0.90 - V. Bullish

▣ In-depth BCHBTC technical analysis on Tradingview TA page


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