It appears that an expanding pattern is forming on Bitcoin Cash, and we are currently in wave F of this structure.
Wave F is expected to complete within the red zone, after which Bitcoin Cash may enter wave G, which is a bearish wave.
Within the red zone, after receiving confirmation, we will look for sell/short positions.
Targets are marked on the chart move your stop to breakeven at the first target.
A daily candle close above the invalidation level would invalidate this analysis.
If you have a symbole or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
What do you think? Is BCH bearish?
Wave F is expected to complete within the red zone, after which Bitcoin Cash may enter wave G, which is a bearish wave.
Within the red zone, after receiving confirmation, we will look for sell/short positions.
Targets are marked on the chart move your stop to breakeven at the first target.
A daily candle close above the invalidation level would invalidate this analysis.
If you have a symbole or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
What do you think? Is BCH bearish?
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Disclaimer
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✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
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.