5 days ago
11
Key Takeaways
- BCH at $349.5, sitting on ascending triangle trendline, SMA50, and Fibonacci 0.618 simultaneously.
- Monthly candle showing active bounce from red: buyers defending the level in real time.
- Bull case: hold and recover toward $401.82 then $476.68; triangle top $600+ longer term.
- Bear case: break below $326.96 invalidates structure, next floor $220.39.
- Risk/reward: approximately 7% risk against 2:1 to 3:1 minimum reward.
Bitcoin Cash is trading at $349.5 on the monthly chart from TradingView, sitting at the intersection of three separate support structures that have converged at the same price level. The current monthly candle is showing a recovery from negative territory. Whether it closes above the support or below it will define the next two to three months of pr...
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