VincePrince

Bitcoin Cash, Developed Descending-Channel, Potential Breakout!

COINBASE:BCHUSD   Bitcoin Cash / U.S. Dollar
Hi,

Welcome to this analysis about Bitcoin Cash , we are looking at the 4-hour timeframe perspectives. Bitcoin Cash has moved into an interesting constellation as it developed this main descending-channel-formation in the structure with the coherent wave-count within and the waves A to D almost already completed. Now Bitcoin Cash is moving forward with the protracted wave E that will complete the whole wave-count and when Bitcoin Cash manages to bounce within the confirmational-bounce-cluster marked in blue this can be the possible origin for a channel-breakout to the upside, therefore it is highly necessary that Bitcoin Cash rightly manages to bounce and show up with further bullishness to the upside, otherwise when falling below the lower boundary the bullish scenario can also invalidate, it will be an important development ahead.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The high destiny of the market is to explicate, rather than to speculate."

Information provided is only educational and should not be used to take action in the market.
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Comments

Agree its in a descending channel, if BTC is dropping then BCH is going to bleed.
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what do you think of
this bounce?
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That is a good support channel area. Thanks for sharing this today.
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Post your comments, questions, and ideas about BITCOIN CASH here.
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