Technical analysis by ScramblerG about Symbol BCH: Buy recommendation (8/3/2025)

BCH has been trading in a well-defined ascending channel on the 4H chart. After multiple higher highs and higher lows, price recently corrected to the channel support and formed a falling wedge — a bullish reversal pattern. Current Price: ~$528 Entry Zone: $520–$540 Stop Loss: Below $495 (clean invalidation below channel support) Targets: TP1: $560 TP2: $590 TP3: $605 TP4: $646 TP5: $693 Potential Upside: +32% from entry zone Analysis: The falling wedge breakout near channel support confirms buyer interest. Volume drop during the correction phase supports bullish reversal conditions. Risk-reward ratio favorable near the channel low. Trade Plan: Start building position between $520–$540 using DCA. Keep SL below $495. Expect gradual move toward the upper resistance zones if the breakout sustains. Watch for breakout confirmation above $540–$550 for momentum entry. DYOR | Not Financial Advice