The long-term pattern is an inverted H&S pattern, but I expect a bull cycle before Bitcoin Cash tries to break the shoulder at $150-$200. The previous ATH or even $2000 can be reached before that. I don't dare to say $150, but that's possible because of the head and shoulders pattern.
There is another possibility: a double bottom. If BCH fails to hold $400, that would again mean the price will get close to the ATL.
But if BCH breaks and stays above
1K which is unlikely to happen, we can expect a new high.
There is another possibility: a double bottom. If BCH fails to hold $400, that would again mean the price will get close to the ATL.
But if BCH breaks and stays above
1K which is unlikely to happen, we can expect a new high.
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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.