✴️ Headed Towards $555 | Bitcoin Cash Looks Very Promising

Bitcoin Cash (BCHUSDT) looks very promising right now. The retrace after the major bullish breakout ending 30-June lasted only 48 days, until 17-August. After this retrace we have a bullish consolidation phase characterized by an ascending channel. This consolidation phase has been going for 132 days, very long by Cryptocurrency standards, more than four months long.

In this phase we have higher highs and higher lows.
The retrace was weak, no sellers showed up; Double bullish.

👉 Now that it is clear that Bitcoin Cash will continue higher, we have one target only around $555 (118% potential).

Along the way, there can be a stop at $317 and $357.
These are for the short-term.

This bullish resumption is only starting today, but it looks good... Things can change if there is a rejection or prices reverse and close below support (orange).

Namaste.

评论:

Bitcoin moving strongly and headed easily toward our target.

Patience is key.