Bitcoin Cash price today continues to trade around the $210 price level, which is a key support-turned resistance area. After dipping below this price level on Saturday in a market crash that took down other major cryptocurrencies, Bitcoin Cash posted a slight recovery and is now contending with this price area.
If gold prices were to trade above the October 25 high of $1518.41, then the price might be able to reach the $1563.14 level, as the difference between the upper and lower limit of the pattern is added to the October 25 high. On a break to the October 11 low at $1473.68, the price might be able to reach the $1428.95, as the difference in the range is subtracted from the October 11 low.
Time will tell if bullish or bearish traders will command price as the chart pattern itself is neutral in its outlook.More content