The Trust Layer for Market Analysts

The analysis is focused on Bitcoin Cash, BCHUSD, it is the 29th of September. The current price is around $559, with 8 hours 16 minutes left in the day. The asset is within a horizontal channel, shifting from a parallel ascending channel. The expert draws horizontal lines at $648 and $531, showing price bound indicators. He suggests the price could potentially drop slightly to around $520-530, referencing a low of $536, with $530 being the lowest he expects. It moves onto the daily ribbon, with indicators of crossing and potential downward movement to follow the horizontal channel idea. There is a look at Bitcoin, but the presenter believes Bitcoin Cash can do its own thing, not entirely dependent on Bitcoin, and then returns to BCHUSD. The expert wants it above $570 and to stay with its ribbon and is concerned of what happens when it crosses. It's now looking at the weekly ribbon, can come down to bounce at $530. It then changes to the monthly ribbon chart with it crossing to the upside and has wicked around for the last 3 months. Then trend line analysis shows some wick and death moments and the need to break out of an area of $650 for it to explode to the upside, saying $3000 is a high end prediction with a fib retracement tool from high to low at 0.886 at $1174 but 1.272 which is above 100 percent being more realistic at $3,090.The inferred reasonable target is $1705 and the failure bound is estimated to be $524.