Technical analysis by Anakyn about Symbol BCH: Buy recommendation (9/18/2024)

Given the current wave structure, BCH appears to have completed a significant WXY multi-zigzag downward correction, and it might now be in a upward phase within the green channel.If BCH continues upward, it could challenge the next resistance zone around $664 or higher, especially if it maintains its trajectory within the green bullish channel.Alternatively, a break below the green channel would signal a potential return to lower levels, with $245 or even $175 acting as intermediate support points before any retest of $88.