Bitcoin Cash Descending Channel, New ATL

2022年6月17日

Bitcoin Cash vs Bitcoin (BCHBTC) just hit a new All-Time Low while trading within a descending channel.

We believe that this new low will work as support and can lead to a trend reversal.

The last low at 0.005210 should work as the stop-loss.
A full candle close below this level and the above analysis is invalidated.

Trading above this level opens the door for growth (green arrow).

Stay patient.
The cryptocurrency market will recover.
Bitcoin is also preparing to grow.

Namaste.