BCH/USDT Analysis (4H Chart)
Currently, Bitcoin Cash is showing a bullish momentum with a breakout attempt above the $478.1 resistance zone. I have set a stop buy order slightly above this level to open a trade, as confirmation of the breakout could lead to further upward movement.
Key Levels:
Resistance 1: $478.1 (Breakout Zone)
Resistance 2: $530.2
Support 1: $454.1
Support 2: $413.1
Trade Setup:
Entry: Stop Buy at $480.3
Take Profit: $530.2
Stop Loss: $454.1
The RSI on the 4-hour timeframe is at 66.19, indicating momentum is shifting towards overbought but still has room for further growth.
If the breakout fails and the price falls below $478.1, I will reassess for potential downside opportunities. Let’s see how this plays out!
Key Levels:
Resistance 1: $478.1 (Breakout Zone)
Resistance 2: $530.2
Support 1: $454.1
Support 2: $413.1
Trade Setup:
Entry: Stop Buy at $480.3
Take Profit: $530.2
Stop Loss: $454.1
The RSI on the 4-hour timeframe is at 66.19, indicating momentum is shifting towards overbought but still has room for further growth.
If the breakout fails and the price falls below $478.1, I will reassess for potential downside opportunities. Let’s see how this plays out!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.