Bitcoin CashLong
Bitcoin Cash / USD Possible Bullish
Base on Technical Analysis and chart pattern, we have a descending triangle which is the sign of Bullish. Base on Elliott wave, we have a leading diagonal at the 1st-wave of an impulse wave which is also sign of the bullish trend for creating the 2nd-wave. It seems that we have a zigzag pattern as the 2nd-wave correction. It is difficult to say exactly that b-wave has been already completed or we have another swing ahead. It is a bullish trend but there is a possibility of retracing one more time from 171.06 to 165.214. notice that 165.214 is the maximum retracement for the b-wave and it is possible that price bounce up before getting to this level.
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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.