BCH/USD * BITCOIN CASH - EWP FIB TC BIWEEKLY TF ANALYSIS
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.
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.
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