How Bitcoin Cash Can Alter The Established Dynamic!

Hi,

Welcome to this analysis about Bitcoin Cash, we are looking at the 2-hour timeframe perspective. As Bitcoin Cash in recent times severely declined bearishly to the downside it is testing further lower support levels and besides that has formed this main descending-channel-formation marked with the boundaries in black, in this channel Bitcoin Cash has the coherent wave-count with the waves A to C already completed and now about to form the wave D in the structure, this wave D will run into decisive resistance from where a pull-back and therefore the wave E is likely to emerge, when this wave E finalizes the wave-count in the lower support marked in blue this can be the source of a channel-breakout when Bitcoin Cash manages to back-up.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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Information provided is only educational and should not be used to take action in the market.