Bitcoin Cash price rallied over 10% and broke the $245 resistance. BCH is now facing strong resistance near the $255 zone.
Bitcoin cash price started a fresh surge above the $232 resistance.
The price is trading above $245 and the 100 simple moving average (4 hours).
There was a break above a key bearish trend line with resistance near $225 on the 4-hour chart of...
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...
Influence of Bitcoin's Rally: BCH (Bitcoin Cash) price is positively influenced by Bitcoin surpassing the $40K mark.
Potential Breakout Beyond $250: There's potential for a breakout rally in BCH price beyond $250.
Target of $300 by End of 2023: If BCH exceeds $250, it could potentially reach $300 before the year's end.
Buyer's Interest in Markets: The altcoin...
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.
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Technical Insights:
Pattern Formation: The development of a large triangle formation suggests a period of...
Bitcoin Cash (BCH)
The performance of Bitcoin Cash (BCH) has been somewhat restrained since Bitcoin's rise began in mid-October. The asset only grew by about 25% over the month, but this growth has already been negated.
Currently, BCH is on a downward trend, trading within the support zone of $206-$215. This is the same range from which BCH started its upward...
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!
BCH has been bouncing around this channel since mid August. It just bounced off the bottom of the channel and might be a good play here to hit the median and top of the channel.
I'd look to long until it hits that target area. If there's a close outside of this channel, it would invalidate this idea.
Strong Support at 50D EMA: Bitcoin Cash (BCH) finds solid support at the 50-day Exponential Moving Average (EMA), setting the stage for a potential reversal rally.
Ascending Triangle Formation: The BCH price chart shows an ascending triangle pattern, indicating a possible bullish breakout.
$300 Price Target: A successful bullish breakout could propel BCH to reach...
BCH is not having a great week compared to other coins
Weekly OBV is moving in a tight channel. Have to see if it holds and bounces on next touch of the lower trend line.
If it breaks might have to 220s
As long as price respects 220$, BCH should be able to retest 280$ easily, but only after price breaks above this level, we shall see price head towards 360$ and 450$ later on. On the other hand, if price breaks below 220-200$, there is a high probability that price will retest 150$ before any other major move.
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...
Failed Breakout: BCH price couldn't sustain above $255, leading to a slide.
Cup and Handle: A cup and handle pattern formation suggests a potential bullish reversal.
Dynamic Support: The 50-day EMA is acting as strong support, with prices above $225.
Market Recovery: As Bitcoin hits $35K, BCH looks to capitalize on market optimism.
Sideways Movement: Despite...
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
Bitcoin Cash has been silent for a while. We all now what that means, when it wakes up - it gonna make some noice. Be prepared for a fast move!
If BCH reclaim the fib 0.382, and close above - It will take out a lot of candles to the left.
My idea is to enter at 247 and take profit at 344, (40% potential profit)!
You could use the up trending trendline as stop...
My entry here isn't the best but the BCH/BTC chart looks clean. Lightning network developers are jumping ship from bitcoin core, it has no utility.
Possible Bitcoin Cash ETF rumors. If we see Bitcoin go to 35-45k I think this will see around 450 at least.
In the long run if there is a spot Bitcoin Cash ETF this will probably go back up to 0.1 BTC
may stop...
![BCHUSD: BCH [MAJOR-UPDATE]](https://s3.tradingview.com/e/e7B4GSYA_mid.png "BCH [MAJOR-UPDATE]")
