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barzzTradingAcademy
Apr 13, 2021 10:19 AM

BCHUSDT - INCREASING DEMAND FOR BITCOIN CASH? 

Bitcoin Cash / TetherUSBinance

Description

Hello Traders, This is a screenshot of my Analysis on this Pair. ( Link to Previous Analysis are Below )

We can observe these facts from Price Action.

1. On the Monthly Timeframe we have a strong Bullish Environment.

2. On the Weekly Timeframe, Price is creating a second Bullish Wave.

3. On the Daily Timeframe, we can see Price creating new Demand Levels to Support a Potential Bullish Run.

From these Facts, I will be monitoring Price Action on the lower Timeframes for Potential Trading Opportunities if Price Closes above this Supply Zone.
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