Bitcoin Cash (BCHUSD) has been trading below a Lower Highs trend-line since the May 12 2021 High. So far we've had 3 major rejections on that trend-line. Even though the coin is still not outside of this long-term bearish trend, on the short-term the price is attempting to establish a respectable bullish move as it is going to make the third attempt to break above...
Bitcoin Cash (BCHUSD) has been trading below a Lower Highs trend-line since the May 12 2021 High. So far we've had 3 major rejections on that trend-line. However the time may have come that we will finally see a bullish break-out above the Lower Highs, as BCH has been trading within a Channel Up (dashed lines) since the January 24 market bottom. If the price tests...
Bitcoin Cash needed to defend $668.5 support to avoid a breakdown from its 20-SMA.
Meanwhile, Bitcoin was trading at $60,217 with a market capitalization of over 1.1 trillion.
Bitcoin Cash needed to hold on to $668.5 support over the coming sessions to avoid a breakdown from its 20-SMA (red). Additional support areas lay at $629.6 and at $600 and these levels...
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Trade Setups
Below...
Not too complicated TA combinations on this one. Purely based on the fact that every +200% rise on BCH after the All Time Highs, ended with a decline. Obviously during the bear market the price broke the low, while since the December bottom, the sole +200% rise pulled back to its 0.786 Fibonacci.
If the current rise gets completed at +210% again, then that puts...
