BCHUSD Futures ( BCHUSD ), D1 Potential for Bullish Continuation
Title: BCHUSD Futures ( BCHUSD ), D1 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 164.60
Pivot: 138.19
Support: 125.31
Preferred case: Looking at the D1 chart, my overall bias for BCHUSD is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue moving towards the resistance at 164.60 where the previous swing high is.
Alternative scenario: Price may head back down to retest the support at 125.31, slightly above where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 164.60
Pivot: 138.19
Support: 125.31
Preferred case: Looking at the D1 chart, my overall bias for BCHUSD is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue moving towards the resistance at 164.60 where the previous swing high is.
Alternative scenario: Price may head back down to retest the support at 125.31, slightly above where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.