Bitcoin Cash BCH

$284.30+1.21% 24h

Lines are each pattern's own boundaries (support, resistance or neckline; grey = the pattern's swings), drawn only on the timeframe where it formed.

Minimum target (book measuring rule)Magee stop

Candles: OKX, Kraken.

Chart patterns

3-year head and shoulders top · 2 testsBroke down 141d ago1W
Ch 6: three rallies with the middle one (the head) highest; the neckline joins the two reaction lows and may slope. Confirmed by a close about 3% below the neckline ($340.033). Minimum target: $90.76 (a minimum, not a limit). Magee stop (Ch 27): $707.468, 5.5% beyond the last minor top.

7-day flat resistance · 3 tests1.8% from breakout1H
Ch 13: a level that stopped two rallies after a move of 10% or more; broken, old resistance tends to become support. Not broken yet: a close above $290.70 by about 3%, on a clear rise in volume, would confirm it.
10-day rectangle · 3 tests2.3% from breakout4H
Ch 9: price trading between a level ceiling and a level floor. Not broken yet: a close above $290.70 by about 3%, on a clear rise in volume, would confirm it. Minimum target: $328.181 (a minimum, not a limit).