Currently Bitcoin Cash KRAKEN:BCHUSDT market is undergoing consolidation near the crucial support line of the triangle, setting the stage for potential movement in the coming days.
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Technical Insights:
Pattern Formation: The development of a large triangle formation suggests a period of...
Bitcoin Cash is pulling back after the early April Higher High on the 1W Channel Up. It is now trading on the median (pivot) of the pattern seeking a temporary consolidation (like on the previous bullish leg) before it makes a new Higher Low. That should be the foundation for the test of the 410 - 660 1M Resistance.
