Bitcoin Cash Intraday: Target level as a potential turning point

Bitcoin Cash (BCH/USD)
-11.27-3.93%
The upside prevails as long as 277.6 is support, with 290.2 and 293.9 as targets
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Our pivot point is at 277.6.

Our preference: The upside prevails as long as 277.6 is support, with 290.2 and 293.9 as targets

Alternative scenario: below 277.6, expect 271.5 and 267.8.

Comment: The chart structure suggests the instrument is coiling ahead of a potentially significant move.

Supports and resistances:
297.5 *
293.9 **
290.2
286.9 last
277.6 **
271.5 *
267.8 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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