During the previous trading session, the positive dynamics of the Bit.Cash movement were seen. On a longer time-frame, the upward price movement vector also prevails.
The support and resistance levels:
The nearest support is set at the 526.89 mark.
This level was formed by the Three Outside Bars Up pattern. The pattern consists of three Japanese candlesticks: the first candlestick has a short black real body, the second candlestick has a long white real body and completely engulfs the first candlestick, and the third candlestick is also white, closing above the second candlestick.
The nearest resistance is set at the 549.75 mark.
This level was formed by the Bearish Harami pattern, which is presented with two Japanese candlesticks where the second candlestick with a smaller real body is inside the body of the first one.
Trading recommendations:
The upward dynamics prevail on a longer time period, but the short positions should be prioritized during the day because the latest signal suggests a dominant downward movement.
Bit.Cash H1: The Price Action Forecast for the European Session on 1.11.2025
