đ $BCH is showing a potential technical setup!
The monthly timeframe reveals a massive macro base structure building up since 2022, pointing towards a potential cyclical recovery.
đ The Technical Setup:
⢠The Pattern: Macro Reversal / Harmonic Pattern
⢠Short-term Target: 600.00 USDT
⢠Macro Objective: 1,450.00 USDT
⢠Market Structure: Long-term accumulation and potential reversal
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 200.00 - 220.00 USDT
⢠Resistance: 600.00 - 700.00 USDT
⢠Breakout Level: 400.00 USDT
⢠Stop Loss / Invalidation: 180.00 USDT
đ Confirmation:
⢠Volume: Neutral/standard volume on higher timeframe
⢠Momentum: Recovery bounce from major structural support area
⢠Trend: Macro consolidation forming a potential bottoming structure
â ď¸ Invalidation:
A decisive monthly close below the 180.00 USDT support zone would completely invalidate this macro bullish setup.
Patience is required on this macro timeframe as price constructs a potential multi-year base for higher targets.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#BCH #crypto #BinanceSquare #tradingview #TechnicalAnalysis
The monthly timeframe reveals a massive macro base structure building up since 2022, pointing towards a potential cyclical recovery.
đ The Technical Setup:
⢠The Pattern: Macro Reversal / Harmonic Pattern
⢠Short-term Target: 600.00 USDT
⢠Macro Objective: 1,450.00 USDT
⢠Market Structure: Long-term accumulation and potential reversal
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 200.00 - 220.00 USDT
⢠Resistance: 600.00 - 700.00 USDT
⢠Breakout Level: 400.00 USDT
⢠Stop Loss / Invalidation: 180.00 USDT
đ Confirmation:
⢠Volume: Neutral/standard volume on higher timeframe
⢠Momentum: Recovery bounce from major structural support area
⢠Trend: Macro consolidation forming a potential bottoming structure
â ď¸ Invalidation:
A decisive monthly close below the 180.00 USDT support zone would completely invalidate this macro bullish setup.
Patience is required on this macro timeframe as price constructs a potential multi-year base for higher targets.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#BCH #crypto #BinanceSquare #tradingview #TechnicalAnalysis
