Bitcoin Cash reclaims support above $300 as buyers build the momentum to take down the $400 resistance. BCH/USD faces increasing selling pressure at $310 ahead of the next key hurdle at $320. Bitcoin Cash price hit a wall at $326 in the wake of rallying prices across the cryptocurrency market. A flash drop occurred culminating in a devastating drop to $245 on...
X Force Global Analysis: Bitcoin cash (BCH) has been showing signs of reversals through a descending wedge on a downtrend. In this analysis, we take a look at Bitcoin Cash's technical evidence to assess its bullish probabilities. Analysis - To begin with, we can notice extremely extended bullish divergences on the daily, as prices form lower lows and...
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...
Hi friends hope you are well and welcome to the new update on Bitcoin cash. Recently a very positive move can be observed on the daily chart that after touching the support at $215 the price action moved up and broke out at $225 resistance again. At this time the price action is retesting the $225 resistance level as support that is really very good gesture...
Hi friends hope you are well and welcome to the new update on Bitcoin cash. In my previous post I explained why the Bitcoin cash can move down to hit the support of the wedge. At this time the price action is at the support of the wedge pattern now we will try to understand what the price action can do next. The movement within a wedge: Price action of Bitcoin...
Hi friends hope you are doing good and welcome to the new update of Bitcoin cash. After the strong best trend that was started from Feb to March 2020. The price action of the BCH completed the final bearish leg of bullish Shark pattern on the 4 day chart. And on 19th March I posted an idea on this move of Bitcoin cash. I predicted as per Fibonacci sequence of this...
A double top at resistance level: Hi friends hope you are well and welcome to the new update on bitcoin cash in today's technical analysis will will try to find out the different bearish and bullish signals and patterns. First of all I would like to take you to the daily chart where we have the different support and resistance levels and if we take a look back in...
X FORCE GLOBAL ANALYSIS: In this analysis, we take a look at the technicals demonstrated in the chart of Bitcoin Cash (BCHABC) Bullish Evidence - Previously, we have seen parabolic breakouts for Bitcoin Cash after consolidation phases - It could be said that we are currently consolidating within a downwards parallel trend - This could turn out to be a...
Bitcoin Cash (BCH) broke out of $250 on April 6, which caused our purchase proposed in an in advance analysis. Today, the bulls scaled the fee above the 50-day SMA ($266) but are struggling to maintain on to the intraday gains. This indicates that the bears are lively at higher levels. If the BCH/USD pair dips back beneath the 20-day EMA ($236), a drop to $two...
Formation of harmonic bullish BAT pattern: The Bitcoin Cash with Bitcoin pair is forming a harmonic bullish BAT pattern and soon it will be entered in potential reversal zone to give chance to earn more gains. Let’s dig the pattern deeper to see how perfect it has been formed. After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50...
Bounced Back From Key Level Resistance $501: Hi friends welcome to the new update on Bitcoincash. Guys if you remember I posted an article on 2nd Feb 2020 where I told you that the BCH is going to hit its key level resistance at $501 at that time the price of Bitcoin cash was $378 and then it moved up to $497.53 that was very close to resistance level as I...
Bitcoin cash is the world largest digital asset ranked at 4th position as per coinmarketcap data. This digital asset is one of my favorite crytpocurrencies that gives us trading opportunities on daily basis. From December 28th to 18th February 2020 this cryptocurrency this cryptocurrency was being traded above the exponential moving average 21 but at this time...
Possible top point, don't try and pick tops and bottoms when entering exited a trade, exit when happy with profit, enter when price is 'cheap' for you.
In my previous post we finally witnessed that the Bitcoin Cash had broken out the resistance of the pennant and produced more than 43% profit in 1st rally: In previous article the exponential moving average 10 had formed bull cross with exponential moving average 20 up to 3 day chart but now this bull cross is reflected upto week chart which is really a very...
Bitcoin Cash retracing to 353 or lower to 335. Both strong support zones and Fibonacci retracement levels, so good to buy there and go long. Currently at 376 support which is 0.618 Fibonacci. If price will manage to stay above that will be very bullish. At least BCH may bounce to 410 - there it will form potential right shoulder of H&S pattern, and finally dump =)
Hi All, Rumors\News: > Looking at the news media, it seems many people are baffled\perplexed as they have no answer to the recent ALT markets performance; > Some think its the whales playing games; > My thoughts, be careful as I did that in the last year bull trend and I got caught with some coins that stopped performing and in actual fact started to go...
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...
The price correction and formation of pennant: After taking a powerful bullish divergence in Dec 2018 the price action made upto 608% big move after that the price action is going through the price correction period since Jun 2019 Upto Dec 2019. Now the price action is hitting 0.786 Fibonacci projection of lowest point of Dec 2018 to highest point of Jun...