BCH Weekly: Bullish Inverted Head & Shoulders with Golden Cross

5월 28일

The BCH weekly chart is presenting a compelling bullish case with an inverted head and shoulders pattern. This symmetry between the shoulders suggests a balanced struggle between buyers and sellers before the potential upswing. Additionally, a golden cross has just formed within the right shoulder, highlighting a potential shift in momentum towards the bulls.

While the price hasn't broken through the neckline yet, the current consolidation pattern and the technical indicators suggest a high likelihood of a breakout that could lead to sustained bullish momentum. This potential reversal could be a significant turning point for Bitcoin Cash.

This inverted head and shoulders with the golden cross is definitely a pattern to watch. Let's see if BCH can break free! Until next time, happy trading everyone!