The Bitcoin Cash structure is optimistic and continues to form higher highs and higher lows.
Every upward wave in this structure moves more than 1 percent and previous lows are not broken. We expect the same behavior this time as well with the price rising at least 19 percent.
Thus, buying positions can be considered at support levels of the previous wave.
The objectives are illustrated on the chart.
⚠️ Disclaimer:
This analysis is for educational purposes only and does not encourage trading in futures or any prohibited transactions. The goal is to clarify potential market movements, not a direct recommendation to buy or sell.
💡 Important notes:
- This analysis is for educational purposes only.
- Please study the market and make decisions based on your ability and risk tolerance.
- The author is not responsible for others' trading or their profit results.
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