BCH/USDT breakout from falling wedge? 👀🚀BCH Analysis

4 Mei

💎 Paradisers, #BCHUSDT has successfully broken out of its falling wedge pattern, indicating a probable continuation of the upward trend.

💎 We'll await a retest for confirmation before planning our trade, as a retest phase often follows a breakout and provides an excellent opportunity to verify bullish momentum. If #BITCOINCASH can maintain support at $441 and continue its upward trajectory, the next target lies in the resistance zone identified in our target range.

💎 However, if #BCH fails to sustain support and drops below the $441 area, it could signal a weakening of the bullish trend. In this scenario, the price may decline further towards the next significant support level, around $401.

💎 Historically, BCH has shown resilience by rebounding decisively from the $401 support level. If this pattern holds, a strong bounce could occur, potentially reclaiming the $441 support zone and advancing toward our intended target.

💎 Should BCH struggle to rebound convincingly from $401 and exhibit declining volume, it may suggest a breakdown in bullish momentum. A decisive close below this critical support could challenge the bullish outlook, leading to a more bearish trend.

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