Bitcoin Cash faces resistance at $528.3, forming a double top and trading slightly below this level. Stochastic readings above 80.0 signal an overbought market, increasing the risk of a correction.
If BCH fails to break above $528.3, a pullback to $514.1 and $500.0 is likely, offering potential bullish re-entry zones. Alternatively, a confirmed breakout above $528.3 could pave the way toward the next supply area at $560.0.
If BCH fails to break above $528.3, a pullback to $514.1 and $500.0 is likely, offering potential bullish re-entry zones. Alternatively, a confirmed breakout above $528.3 could pave the way toward the next supply area at $560.0.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.