Observations: On the weekly chart, BCH has been performing well and has reached the main resistance. If the candle stick open and closes above this resistance, then the trend is confirmed bullish. 21 EMA acting support. On the daily chart, BCH has moved up while BTC has dropped. If BTC was to drop further, it will be unlikely BCH will continue in the upside. On...
Broken out of Monthly downtrend Channel and on high volume, Bullish Breakout seems legit and since it's on monthly timeframe, the move to upside must be significant.
My expectation for price action is indicated by the thin green and red arrows. Blue triangle indicates the current range. The large dotted green arrow indicates the overall trend. Green box is buy. Red box is sell. Blue line indicates major support/resistance identified by the fib channels. Green & Red lines indicate t/p. Black dotted lines are fib...
BCHABC Trade Setup Buy Around 0.037000 and Sell 0.055000 You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
If the next candle (Day) turns out Green ABC will fly high upto 300-400 dollars Wait for the signal ! Enjoy profitable trades :) Remember , for validity there has to be a Green Candle (Day chart) or else new pattern will follow. Good luck "Invest at your Risk"
The Bitcoin Cash market has slowly been recovering alongside BTC, lets take a look at the chart to get an idea of where we stand vs the Dollar. We can see that the candles are making higher lows on the 4 hr candle chart. This is a good place for the higher risk trader to get in on the action, stacking buy orders down into the $1260 support zone for quick gains...