FenzoFx—Bitcoin Cash remains above the ascending trendline and $446.60 support. The price has entered the inverted fair value gap, which may act as strong resistance and cap further upside. The primary trend is bearish below $576.00, and current bullish momentum is likely corrective.
BCH could rise toward $541.30 before resuming its downtrend. If bearish pressure returns, the next target is $427.00. The ascending trendline has been tested five times, making it fragile. A close above $576.00 would invalidate the bearish outlook. Key levels to monitor for bearish setups are $541.30 and $576.70.
BCH could rise toward $541.30 before resuming its downtrend. If bearish pressure returns, the next target is $427.00. The ascending trendline has been tested five times, making it fragile. A close above $576.00 would invalidate the bearish outlook. Key levels to monitor for bearish setups are $541.30 and $576.70.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.