BCH

I think the 5 motive waves are finished,which they form W(1) of 5 motive waves . I think we could see an ABC correction movement to form (2). Let's see the validation level

FenzoFx—Bitcoin Cash is consolidating after forming equal highs at $620.0. While the trend remains bullish, the current phase may push toward lower support. Equal highs signal low liquidity, often followed by a move to lower levels before a rally. The bullish order block at $514.0 is a key discount level, offering a potential entry for buyers targeting $640.0 resistance. If BCH closes below $514.4, consolidation could deepen toward $482.1.

Bitcoin Cash (BCH?USD) is falling towards the buy entry, which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to the upside. Buy entry is at 541.09, which is an overlap support that lines up with the 61.8% Fibonacci retracement. Stop loss is at 503.57, which is a pullback support that lines up with the 138.2% Fibonacci extension. Take profit is at 589.33, which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited ( tradu.com/uk ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd ( tradu.com/eu ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC ( tradu.com/en ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.

BCH/USD is falling towards the buy entry, which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to the take profit. Buy entry is at 572.22, which is an overlap support that aligns with the 61.8% Fibonacci retracement. Stop loss is at 539.56, which is an overlap support level. Take profit is at 623.30, which is a swing high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited ( tradu.com/uk ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd ( tradu.com/eu ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC ( tradu.com/en ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.

FenzoFx—Bitcoin Cash continues its bullish momentum, currently trading around $609.5. The uptrend is expected to persist, with BCH targeting the December 2024 high of $640.0. Once liquidity above this level is cleared, bearish setups may will likely come into play.

Looking at the monthly chart there are two major multiyear trendlines (green, we are currently breaking out of) and the yellow one. If we take the height of the green wedge we would have a PT of ~1900 which would allign with the 2.618 fib extension of wave 1 finally breaking the yellow trendline. This could mark the end of wave 3 followed by a possible corrective wave 4 with a retest of the yellow trendline. If we now take the height of the yellow wedge we can set a PT of ~3300 being counted as an extended wave 5. This is the base case. Given the nature of crypto and as BCH shares the same scarcity as BTC there is also a chance of a parabolic move (espacially once the yellow trendline is broken) with PTs of 6700 - 11000 using the fib extension on the whole structure and targeting the range between the 1.618 and 2.168 extenstion. All this is off the table should BCH fail to break the yellow trendline.

BCH is the only big crypto back to 2018, that didnt make new ATH.. all the targets above are possible !

BCH’s Relative Strength Index (RSI) is currently at 59.64 and trending upward, signaling strengthening bullish momentum. The RSI, which ranges from 0 to 100, helps gauge overbought and oversold conditions in the market. Readings above 70 typically indicate an overbought asset that could face a correction, while values below 30 point to oversold conditions and potential for a rebound. With BCH’s RSI still comfortably below the overbought threshold, the ongoing uptrend—coupled with improving market sentiment—suggests that the asset may have room for further upside in the near term.

Bitcoin Cash (BCH) is up 3% so far on Tuesday, extending its winning streak to a third straight session. The bullish momentum has propelled BCH above the critical $590 resistance level, which had held firm since July 28. A strong daily close above $590 would likely open the door for a retest of the July 27 swing high at $604. If buyers maintain control beyond that point, the next upside target could emerge at the December 7 peak of $640. Momentum indicators remain supportive of the bullish case. The Relative Strength Index (RSI) currently sits at 61 and is trending higher, suggesting upward momentum with room to run before entering overbought territory. However, if BCH fails to hold above $590, a downside correction could take the price back toward the 50-period Exponential Moving Average (EMA), currently situated around $572.

Hello✌️ Let’s analyze Bitcoin Cash’s price action both technically and fundamentally 📈. 🔍Fundamental analysis: 1. USDT Exit from BCH Tether (USDT) will stop redemptions on Bitcoin Cash (BCH) by Sept 1, 2025, freezing all tokens left on that chain. This could cut liquidity and push BCH under $509 if selling grows. 📉 2. Whale Activity Drop Big BCH transfers ($100k+) fell sharply this month, thinning liquidity and adding downside risk. Still, 85% of holders are in profit, hinting at strong hands. 🐋 3. Payment Adoption vs. Competition BCH’s fast and cheap payments win merchants, but rivals like Arbitrum and Solana are faster. The Velma upgrade aims to help BCH scale and stay competitive. ⚡ 📊Technical analysis: BCHUSDT is currently facing some headwinds on the fundamental front due to recent news. However, from a technical standpoint, it ranks among the most promising setups in the top 20 coins. BCH is trading inside a strong bullish daily channel 📈, supported by a solid monthly trendline and a key daily support level. These technical factors suggest a potential upside of at least 10% from current levels, with a target near 650 🚀. ✨We put love into every post! Your support inspires us 💛 Drop a comment we’d love to hear from you! Thanks, Mad Whale