I just shared a lev. trade for Bitcoin Cash (BCHBTC) since I believe it can go higher... Based on the signals coming from this chart.
We have prices moving above the 100 periods Exponential Moving Average line with a strong RSI and bullish MACD.
Everything is looking green and with a bullish Bitcoin, we can expect long-term growth for this and many other of the...
The bitcoin cash support still remains. It is showing us that likely it is going to reach the resistance zone one again. That would be a good momento to open position ons bitcoin cash.
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BITCOIN CASH is poised for a big rally soon and is now the best place to buy
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BCH is still missing the impulsive waves. And this is what is happening on the chart. We have broken a long-term resistance line, and the price is staying above critical support, but still on a sideways movement, so we have not started the uptrend movement of this asset yet.
$BCH / #USD
Trying to break out from range where it has been bouncing since March (following #BTC)
UCTS Signaling a buy on the 2D as volume is spiking...
Further confirmation can come from a R/S flip at this level (an acting as entry)
As targets ~355/429$
TA: Bitcoin Cash is holding that support, and as long as the BTC pair is looking bullish, I'm expecting a big growth.
Also, we can see that the falling wedge broke-out then pulled back, this is another positive sign.
Current Price= 232.86
Buy Entry= 231.80 - 226.30
Take Profit= 269.95 | 313.53 | 357.11
Stop Loss= 208.60
Risk/Reward= 1:2 | 1:4.13 |...
Bitcoin Cash Market Breakdown - July 28th, 2020
Update from yesterday's BCH chart, as I said the price would continue rising although some indicators are pointing into the 'topped out' direction
TP set at $305
If you followed this trade yesterday when I posted it and entered along $267 resistance, you would be big chillin right now and could set the stop...
X Force Global Analysis:
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In this analysis, we analyze Bitcoin's 4H chart, and assess its technicals to determine its bullish and bearish probabilities.
- To begin with, Bitcoin's prices are currently trading way above significant support zones
The BCH/USD has moved according to the prediction and followed the arrow. As happens pretty often the Resistance will be act as Support. The pair is testing the #1 Resistance at the moment and as traders might remain enthusiastic the pair might will show growth in the next 4-8 hrs as suggested by EMA, however after such a steep rise the decline will follow.
Falling Wedge Breakout & Retest Done in Daily Timeframe Chart.
Buying Volume Slowly Increasing that Means, Big Bullish Move Ahead.
Major Resistance : 0.03 Sats
Bitcoin Cash Might test the Major Resistance Area in Coming Days.
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Suggested Entry: 25215
Target 1: 26650
Target 2: 27800
Target 3: 28840
Stop Loss: 24250
The reason why Bitcoin Cash (BCH or BCHABC) is bullish despite having a similar setup to XRP is for two main reasons:
- Technical indicators support a stronger evidence for bullish momentum
- While confirmation is yet to be provided, it could be argued that BCH has broken out...