Bitcoin CashShort
Bitcoin Cash Retracement?
Indicators suggest BCH could be primed for a pullback before the next surge. After a 5-wave rally, we're touching multi-year resistance. The RSI is tipping into overbought territory, hinting at retracement potential. While weekly charts don't show bearish divergence, other timeframes do. If the retracement unfolds, I'm eyeing the $200-$150 range at the 0.618-0.786 Fib levels. Brace for impact, as a sharp drop could retest support line.
BCH could be primed for a pullback before the next surge. After a 5-wave rally, we're touching multi-year resistance. The RSI is tipping into overbought territory, hinting at retracement potential. While weekly charts don't show bearish divergence, other timeframes do. If the retracement unfolds, I'm eyeing the $200-$150 range at the 0.618-0.786 Fib levels. Brace for impact, as a sharp drop could retest support line.
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