Hello, thank you for your time.
Bitcoin Cash has once again broken out of support around 247-248.
The price reduces the volatility and resembles a compressive spring, forming a triangle. If it breaks up, the first target will be the top of the triangle around 277-280, which is about 10%. The next target is in the area of accumulation of horizontal volume 335-345. The break-down of the triangle will be hindered by the trend one, which in case of the break-down and confirmation will turn into support.
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Bitcoin Cash has once again broken out of support around 247-248.
The price reduces the volatility and resembles a compressive spring, forming a triangle. If it breaks up, the first target will be the top of the triangle around 277-280, which is about 10%. The next target is in the area of accumulation of horizontal volume 335-345. The break-down of the triangle will be hindered by the trend one, which in case of the break-down and confirmation will turn into support.
If you find the information useful, I'd appreciate a likes and a subscription.
