BCHUSDT Update:
After weeks of slow movement, BCH is finally breaking above the key resistance zone—a level that has acted as a strong barrier multiple times in the past.
This breakout is significant because it aligns with multiple technical confirmations. The support trendline has held firmly, a higher low has been established, and the price has pushed upward from a well-defined area of confluence.
If this breakout sustains, there is a strong possibility of continuation toward the upper resistance zone, completing the projected wave structure. It’s important to monitor this closely, as a successful retest and follow-through could confirm the beginning of the next bullish phase.
Thank you for your precious time.
After weeks of slow movement, BCH is finally breaking above the key resistance zone—a level that has acted as a strong barrier multiple times in the past.
This breakout is significant because it aligns with multiple technical confirmations. The support trendline has held firmly, a higher low has been established, and the price has pushed upward from a well-defined area of confluence.
If this breakout sustains, there is a strong possibility of continuation toward the upper resistance zone, completing the projected wave structure. It’s important to monitor this closely, as a successful retest and follow-through could confirm the beginning of the next bullish phase.
Thank you for your precious time.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.