Bitcoin Cash ($BCHUSD) 4H: Fibonacci 61. 8% Retest Validates for COINBASE:BCHUSD by ChartPro_Data
Bitcoin Cash (COINBASE:BCHUSD) 4H: Fibonacci 61. 8% Retest Validates Elliott Wave 3 Impulse Setup Toward $284. 57 ### 🪙 Bitcoin Cash / U. S. Dollar (COINBASE:BCHUSD) 4H Technical Structure (Ref: BCHUSD_2026-07-21_11-54-44. png) We are releasing an intraday structural study on Bitcoin Cash (COINBASE:BCHUSD) tracking the 4-Hour (4H) interval. Following a strong initial directional leg from the macro low printed at 180. 23 up to the 256. 27 local peak, price action has completed a textbook harmonic …
Bitcoin Cash (BCHUSD) 4H: Fibonacci 61. 8% Retest Validates Elliott Wave 3 Impulse Setup Toward $284. 57### 🪙 Bitcoin Cash / U. S. Dollar (BCHUSD) 4H Technical Structure (Ref: BCHUSD_2026-07-21_11-54-44. png)We are releasing an intraday structural study on Bitcoin Cash (BCHUSD) tracking the 4-Hour (4H) interval. Following a strong initial directional leg from the macro low printed at 180. 23 up to the 256. 27 local peak, price action has completed a textbook harmonic pullback, setting up a potential high-velocity Elliott Wave 3 expansion phase. The asset is currently building buy-side momentum, trading up at **224. 37 (+0. 25%)**, initiating a clean higher-low pivot. ---### 🔍 Technical Architecture & Harmonic Confluences:Our quantitative analysis highlights a structurally sound Elliott Wave configuration:1. **Precision 61. 8% Fibonacci Absorption:** The corrective Wave 2 retraced cleanly into the golden ratio zone at **209. 27 (0. 618 Fibonacci)**, finding aggressive buyer defense right above the **209. 62** structural support shelf. 2. **Dynamic Resistance Gauntlet:** The immediate recovery leg is approaching a minor dynamic hurdle formed by the **72-period SMA ribbons (229. 82 – 234. 26)** and the institutional **200-period EMA (purple line sitting at 230. 70)**. 3. **Pivotal Trigger Level:** A decisive 4H candle close above the **230. 70 – 234. 26** dynamic average band will officially confirm the Wave 3 expansion trigger. ---### 🚀 Wave 3 Fibonacci Projection Targets:Clearing overhead moving average resistance unlocks a clean technical corridor for upside expansion:* **Target 1 (Wave 1 Peak Retest):** The initial objective sits at **255. 94** (confluencing with the 0. 618 macro retracement and the previous swing high). * **Target 2 (Harmonic Extension):** The secondary target points toward the **268. 53** expansion level (0. 786 Fibonacci). * **Target 3 (Full 1. 0 Expansion Ceiling):** The ultimate structural Wave 3 target projects up to the **284. 57** key supply node. ### 📊 Tactical Parameters Summary:* **Current Bias:** Strongly Bullish (Elliott Wave 3 Setup)* **Wave 2 Invalidation Support:** 209. 27 (0. 618 Golden Ratio Floor)* **Breakout Acceleration Zone:** 230. 70 – 234. 26 (200-EMA / 72-SMA Cluster)* **Primary Profit Target (Wave 3):** 284. 57---📊 **ChartPro Data***Crypto Structural Architecture, Elliott Wave Sourcing & Systematic Risk Management. *⚠️ **Disclaimer:** For educational and informational purposes only. This active market study represents a personal trading framework and does not constitute financial or investment advice. DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in theTerms of Use.