#Bitcoin Cash Usd ( Short Term )
Targets expected to be reached :
Target 1 : 432 $
Target 2 : 459 $
Target 3 : 491 $
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BCHUSD price action: Golden cross between 200-day and 50-day EMA. Potential for a major rally . inverse head and shoulders bottom at 170$.
potential pullback to green support trend line. Upward targets: Double top at 405$, next strong resistance at 440$.
Volume: bullish volume increased, good sign.
Indicators: MACD bullish crossover above zero line. RSI above 50...
Hello friends today, I sorted out the BCH / USD chart and saw a symmetrical triangle, the price rebounded from the last support level and is now rapidly converging.
I set 3 goals and stop waiting for the goal
A classic bullish divergence has formed on the BCHUSD pair, a rise in RSI can already be seen to be occurring, bullish divergences are reliable ways to identify trend continuations. This will produce further upsides for the pair. A lot of divergences lately!
BCH did not hold 4300-4400 area as support. Once broken we retested the 3600-3700 area and retested the previously broken support in the 4400 area. We are now retesting the new support in the 3600-3700 area and if we hold this area then i expect bullish continuation. I recommend waiting on the breakout and retest once we break the downward trend
BCHUSD price action: Bullish spike up to 439$ after accumulation between 368 and 391$. Potential retest of last top at 405$. Next upward targets: 440$ and 480$ price level.
Invalidation breakdown bellow 395$. Bullish breakout of strong resistance red line.
Volume: bullish volume increased, good sign.
Indicators: MACD bullish crossover above zero line. RSI above...
Been a while since I took a look at $BCH but it seems that this one is currently one of the cleanest counts out there.
Here is are my short term and long term counts for #BCH.
Will we see a bull market until the second half of 2020?
#CRYPTO #BCH
In my previous post I depicted that After taking a powerful bullish divergence in Dec 2018 the price action made upto 608% big move after that the priceline of Bitcoin Cash was going through the price correction period since Jun 2019 Upto Dec 2019 and the most lowest point has hit the 0.786 Fibonacci projection from lowest to highest point, and in the meanwhile...
Priceline of Bitcoin Cash / US Dollar cryptocurrency has formed a bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 210.16 to 183.53
Sell between: 232.66 to 285.02
Regards,
Atif Akbar (moon333)
BCH/BTC
BCH broke upward trend-line support but immediately bought up at a key support area between 0.382-0.5 Fib.
This area of support also coincides with the 50D MA plus the previous swing Low at 0.0370 sats which resulted in the price reaction to pull back up by 10%.
I'm expecting BCH to consolidate at these current levels for the next 24 - 48 hours before...
