- BitcoinCash reversed from support zone
- Likely to rise to resistance level 0.936
BitcoinCash cryptocurrency recently reversed up from the strong support zone between the pivotal support level 530.00 (which has been reversing the price from the start of August) and the lower daily Bollinger Band.
The support zone was further strengthened by the 38,2% Fibonacci correction of the earlier sharp upward impulse wave from June.
Given the strong daily uptrend, BitcoinCash cryptocurrency can be expected to rise in the active impulse wave 3 to next resistance level .00 (which stopped earlier waves (1) and 1).
- Likely to rise to resistance level 0.936
BitcoinCash cryptocurrency recently reversed up from the strong support zone between the pivotal support level 530.00 (which has been reversing the price from the start of August) and the lower daily Bollinger Band.
The support zone was further strengthened by the 38,2% Fibonacci correction of the earlier sharp upward impulse wave from June.
Given the strong daily uptrend, BitcoinCash cryptocurrency can be expected to rise in the active impulse wave 3 to next resistance level .00 (which stopped earlier waves (1) and 1).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.