Hello traders,
Bitcoin Cash is one of the strongest cryptocurrencies. We have seen a huge extension towards 350 area for wave "iii", where price slowed down in wave "iv" correction that can look for support ideally at previous wave A/1 swing high, around 38,2% - 50% Fibonacci retracement and 230-220 level. So, once a wave "iv" fully unfolds, that is when we may see a continuation higher for wave "v" towards 400-430 area or higher. That said, as long as the price is trading above 170 invalidation level, we will remain bullish.
BCH/USD, 4h
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