Given the current wave structure, BCH appears to have completed a significant WXY multi-zigzag downward correction, and it might now be in a upward phase within the green channel.
If BCH continues upward, it could challenge the next resistance zone around $664 or higher, especially if it maintains its trajectory within the green bullish channel.
Alternatively, a break below the green channel would signal a potential return to lower levels, with $245 or even $175 acting as intermediate support points before any retest of $88.
If BCH continues upward, it could challenge the next resistance zone around $664 or higher, especially if it maintains its trajectory within the green bullish channel.
Alternatively, a break below the green channel would signal a potential return to lower levels, with $245 or even $175 acting as intermediate support points before any retest of $88.
Note
In technical analysis, several methods focus on higher timeframes to provide a broader, more reliable context for trading or investment decisions. Elliott Wave Principle generally considers historical higher timeframes as mandatory.
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.
In technical analysis, several methods focus on higher timeframes to provide a broader, more reliable context for trading or investment decisions. Elliott Wave Principle generally considers historical higher timeframes as mandatory.
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.