Bitcoin cash is showing a consistent demand region for 4th consecutive day.

Its current 4H structure seems having an expanding triangle with that demand region as flat low.

Any sudden price break down below that level will will change its pattern to a complete expanding triangle with both highering highs and lowering lows suggesting wide price volatility.

Entry will be observed on the next re-test and hoping prices bounces back up again to further validate BCHUSD's current 4H wave behavior!

Upon success on the long entry, it is wise to take profit on the next higher high.

Personally, I love BCH's price structure now! Simple, easy and straight-forward!

BCHUSD Expanding Triangle with Consistent Flat Lows

Rafael Ken Aguilar

Sep 17 2022

Stop Loss -1.90%

Holding time 1hr

116.705

Entry price

114.485

Stop loss price

1