A log scale using a 6 hour time frame is used to present Bitcoin cash analysis today.
The trend in Bitcoin Cash from May 21, 2018 to the current date is captured using a bearish price channel. Price closing to the upside outside of the ~5 months channel implies a bullish trend in Bitcoin cash with the minimum expectation of a bullish move estimated using the width of the channel.
Price closing above ~$526 is indicated as an upside breakout price level out of the chart pattern.
On the other hand, price closing to the downside of the channel indicates further bearish action in Bitcoin cash.
The trend in Bitcoin Cash from May 21, 2018 to the current date is captured using a bearish price channel. Price closing to the upside outside of the ~5 months channel implies a bullish trend in Bitcoin cash with the minimum expectation of a bullish move estimated using the width of the channel.
Price closing above ~$526 is indicated as an upside breakout price level out of the chart pattern.
On the other hand, price closing to the downside of the channel indicates further bearish action in Bitcoin cash.
