Bitcoin Cash (BCHU19) is no exception, this setup is very similar to the one we just shared for ADAU19 which you can find in the related ideas below.
The signals are simple and as follow:
Break above resistance in the form of EMA5, EMA10, and EMA50.
Bull volume growing (above average - highest in the past 4 days)
Bitcoin Cash showed a strong gain yesterday with a +10% gain against bitcoin. The pair has managed to break through its short-term downtrend.
Current upward movement was back up by a strong increase in volume indicating the presence of buyers.
However, the pair is not out the woods as the pair has been evolving in a steep downtrend, making lower lows and lower...
$BCHABC $BCH/ $BTC
Pushing from .026 support, crossed over mid resistance at .028 with UCTS Buy signal...
If managed to flip it to support, we can aim for a new leg up with target .033 sats..
EMA50 acting as resistance, crossing over it is also a bullish signal..
BCHBTC now Very down and very near of last Bottom around 0.0235 BTC.
If this hold then good otherwise free fall we can expect.
If Main strong Support Break then I can expect BCHBTC price between 0.016-0.020 BTC.
So be careful from BCHBTC trade.
I just suggest you open any trade with stop loss and think why you open.
This two main point is very important .
Hello, Dear all
BCH approach the resistance ~ 324, potential opportunity to short, the next resistance ~ 340.
BCH/BTC in support region, watching closely if break or hold. if it breaks, worse for BCH.
Support / profit take in : ~310, 300, 280
After three attempts to make new lows versus BTC, the bears have been exhausted. Unless a huge slam comes soon, the bulls will take over and we'll be in an official BCH/BTC bull market. No target but I expect good performance through the rest of the year.
So now you can use BitPay's debit card service to keep your holdings in Bitcoin or Bitcoin Cash and load up...
Its about time Bitcoin Cash gave us the opportunity to long those steroidal rallies, this is looking like a safe bet to get in before the storm strikes next week.
- Daily Bullish engulfing
- Mid Range: .3009 BTC
- 25% range : .03115 BTC (Very weak resistance now, hammered 3 times already)
- Range High : .03219 BTC (Strong...