- Bitcoin Cash has not been immune to the crypto crash on Monday and Tuesday.
- The wave pattern in the chart shows the major support could be lower down.
Bitcoin Cash 4-Hour Chart
Bitcoin Cash is trading over 6% lower on Tuesday.
This forces traders and investors to look for support level lower down.
Looking at the Elliott Wave patterns after the 5-wave up pattern was completed it seems the correction could be deeper.
After a 5-wave pattern up the market normally makes an ABC correction. This ABC correction is projected to complete between the 61.8% Fibonacci extension of the whole pattern and the Fibonacci extension to the 1.618% golden ratio.
That holds above the psychological 300.00 level.
Additional Levels
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