Trade setup : Price remains in an Uptrend. Pullback to 200-day moving average (~$217) minor support area could be an attractive swing trade entry in Uptrend, with upside potential back to $260. Stop loss at $195. Price has been rejected near $260 resistance zone several times in the last three months, making this a critical level. If it’s able to break above $260...
Trade setup : Price remains in an Uptrend, trading above 200-day moving average. However, it’s been rejected near $250 resistance zone several times in Oct and Nov. If it’s able to break above $250 resistance, it could resume its uptrend and revisit $330 level from July. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is...
Bitcoin Cash with ticker BCHUSD made a strong recovery back in July which might be wave III because a drop from $330 is overlapping, thus it can be a correction, so ideally that's a wave IV retracement, meaning that uptrend can still show up for wave V. But, maybe we will have to wait on a bullish breakout a bit longer as current price action since July can be an...
Bitcoin Cash (BCH) technical analysis: Trade setup : Price remains in an Uptrend, trading above 200-day moving average. However, it’s been rejected near $250 resistance zone several times in Oct and Nov. If it’s able to break above $250 resistance, it could resume its uptrend and revisit $330 level from July. Trend : Uptrend across all time horizons (Short-...
In the intricate dance of market dynamics, Bitcoin Cash (BCH) appears to be orchestrating a familiar tune, following the classic pattern of accumulation, manipulation, and distribution. Understanding this cyclical behavior may provide valuable insights for traders navigating the BCH landscape. Chart Analysis: Unraveling the Pattern Accumulation Phase: BCH has...
Bitcoin Cash is showing signs of an upward movement as it follows an uptrend line, hinting at a possible increase in its value shortly. For traders, it's wise to monitor the situation and wait for a daily candlestick to close above this uptrend line before making any trading decisions. If this occurs, BCH could potentially target the key resistance area near...
The strength of the bearers has been taken and the downtrend has weakened A triggerline has been established and we have also had a bullish CH and orders have been received from the DEMAND zone. Price is ready to move towards TP. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
💎 Paradisers, get ready for a promising trading opportunity with BCHUSDT. The asset is currently making significant moves in the demand zone, suggesting a potential shift towards an upward trend. 💎 BitcoinCash has been diligently following a descending channel. Its recent breakout from this channel suggests an upward move towards a resistance level, likely to be...
Bitcoin Cash (BCH) technical analysis: Trade setup : Bearish breakout from a Rising Wedge pattern, could lead to a pullback to $200 support area (and 200-day moving average) in the near-term, which could be an attractive swing trade entry, with upside potential back to $250. Pattern : Rising Wedge It usually forms after an uptrend and suggests a potential...
Bitcoin Cash (BCH) technical analysis: Trade setup : Bearish breakout from a Rising Wedge pattern, could lead to a pullback to $200 support area (and 200-day moving average) in the near-term, which could be an attractive swing trade entry, with upside potential back to $250. Patterns : Rising Wedge It usually forms after an uptrend and suggests a potential...
Currently Bitcoin Cash KRAKEN:BCHUSDT market is undergoing consolidation near the crucial support line of the triangle, setting the stage for potential movement in the coming days. 💜 If you appreciate our charts, support us with boost button 💜 Technical Insights: Pattern Formation: The development of a large triangle formation suggests a period of...
Bitcoin Cash began its bull run in mid-June following the pattern I had indicated in my previous analysis a year ago. Long entry: 218 USD Take profit: between 200 k / 1.2 million USD This is my personal opinion and this is not a financial advice! Good trading!
The pattern on Bitcoin is really similar to Ethereum, which I outline in a recent call: Ethereum - A Sucker's Rally Before The Bitter Winter The difference between Bitcoin and Ethereum is ETH has more than 50% upside available to hit its similarly-placed goalposts, while BTC is just another ~30%. Fundamentally, the problem for crypto bulls is that the 2021...
BCH is not having a great week compared to other coins Weekly OBV is moving in a tight channel. Have to see if it holds and bounces on next touch of the lower trend line. If it breaks might have to 220s
Sometimes you just have to stop everything you're doing and admire a nice trendline. These market makers are having fun. When will the trend break? Let me know in the comments below. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate...
Previous fibonacci hit 1.272 target at channel up resistance, and continue to perform another fibonacci pattern inside channel up pattern. Right now BCHUSD at channel up support around 0.618. Target bullish from this position at $280 (fibonacci 1.272) and maximum target at $293 (Fibonacci 1.618) or at channel up resistance. If you have any question, do not...
💎 BCH has certainly left its mark on the market. The current movement of BCH is characterized by an ascending channel pattern, often referred to as a Bullish channel. Presently, BCH faces a notable challenge in breaking through the local resistance zone at $251. 💎 It's evident that BCH encounters consistent rejection when approaching this local resistance level....
BCHUSD / Bitcoin Cash about to breakout of this ascending triangle chart pattern. Higher lows are forming with multiple retests horizontal resistance line. This is bullish and expect a move higher as soon as it closes above the horizontal resistance line around $250.00