FenzoFx—Bitcoin Cash is trending upward after tapping $606.80 buy-side liquidity in early October. Despite higher highs, the cumulative volume profile shows lower lows, signaling weak buying interest.
The first manipulation occurred after exiting the accumulation zone (purple box), but price held above its mean threshold. A dip below $580.10 is expected to sweep liquidity. If BCH rebounds with a bullish engulfing pattern, the next target is $650.90.
However, if price closes and stabilizes below $580.10, the bullish outlook is invalidated, and BCH may drop toward equal lows at $533.40.
The first manipulation occurred after exiting the accumulation zone (purple box), but price held above its mean threshold. A dip below $580.10 is expected to sweep liquidity. If BCH rebounds with a bullish engulfing pattern, the next target is $650.90.
However, if price closes and stabilizes below $580.10, the bullish outlook is invalidated, and BCH may drop toward equal lows at $533.40.
Trade fechado: objetivo atingido
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.