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 fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.