Bitcoin Cash presents an attractive long-term bullish structure with multiple technical confluences suggesting higher prices ahead. The patient approach of waiting for the VWAP retest provides optimal entry conditions for this long-term bullish thesis, rather than chasing current elevated prices.
Technical Analysis:
Strong support zone holding at $303.62 with multiple successful tests
365-day VWAP trending upward around $400-420, acting as dynamic support
Descending resistance from previous highs being challenged
Entry Strategy:
Traders should wait for a pullback to the 365-day VWAP ($400-420 zone) before entering long
positions.
This approach offers:
Better risk/reward ratio
Clear stop placement below major support at $300
Entry at a proven dynamic support level
Key Levels:
Entry: $400-420 (VWAP pullback)
Stop: Below $300 support
Target: Above descending trendline toward $600+
Technical Analysis:
Strong support zone holding at $303.62 with multiple successful tests
365-day VWAP trending upward around $400-420, acting as dynamic support
Descending resistance from previous highs being challenged
Entry Strategy:
Traders should wait for a pullback to the 365-day VWAP ($400-420 zone) before entering long
positions.
This approach offers:
Better risk/reward ratio
Clear stop placement below major support at $300
Entry at a proven dynamic support level
Key Levels:
Entry: $400-420 (VWAP pullback)
Stop: Below $300 support
Target: Above descending trendline toward $600+
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Find top crypto tokens with sector indices, AI-powered sentiment analysis & news summaries.
tokenradar.ai/tv
tokenradar.ai/tv
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.