FenzoFx—Bitcoin Cash rebounded from $469.1, a demand zone backed by the anchored VWAP and ascending trendline. BCH is now testing resistance at $500.4, supported by volume profile and anchored VWAP.
Bullish Scenario: While the bullish trend remains intact above $469.1, consolidation toward $480.0 is likely before aiming for $528.3.
Bearish Scenario: A close below $469.1 would invalidate the bullish scenario, exposing $437.0 as the next support.
Bullish Scenario: While the bullish trend remains intact above $469.1, consolidation toward $480.0 is likely before aiming for $528.3.
Bearish Scenario: A close below $469.1 would invalidate the bullish scenario, exposing $437.0 as the next support.
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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.