✴️ Bitcoin Cash, End Of Correction? I Read The Comments!

7 авг. 2023 г.

Someone asked in the comments about Bitcoin Cash, an update...

Bitcoin Cash (BCHUSD)

We are looking at the daily timeframe.
BCHUSD moved below 0.382 Fib. retracement and bounced before reaching 0.5 Fib., now moving back above 0.382, thus a bullish signal.

Today's session is really strong.
Closing above $236 can signal that BCHUSD is ready to resume growing. This stays true above $220.

Yes, Bitcoin Cash can resume growing.
That's my opinion/view.

It peaked 30-June, over a month of correction and the levels hit is more than enough.

If this changes, the charts are always changing, you need to define your own risk and stop levels but I wouldn't be surprised to see it go up.

Note: Candle close is needed for confirmation above $236.
The candle closes in 1 hour.

Do your own research.
I hope this answer your questions.

Thanks a lot for your comments and support.
Thanks a lot for the follow.

Namaste.