After the stunning rise of bitcoin cash the last month, the potential is limitless with this coin. High probability that we will see one more move down before taking off.
A classic bullish divergence has formed on the BCHUSD pair, a rise in RSI can already be seen to be occurring, bullish divergences are reliable ways to identify trend continuations. This will produce further upsides for the pair. A lot of divergences lately!
I am not an analyst but i love charts and I am learning the ropes with charts. This is an opinion of mine and no price points are marked other then surpassing the 20EMA. I believe we will be in the 600s by BTC HALVING. If you agree or not please comment.
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Simple and effective.
Bitcoin Cash tests the EMA50.
But #BCHUSD should not fall much lower, otherwise a short signal is triggered.
On the other hand, a long entry would also be well secured.
Greetings from Hannover
Stefan Bode
Watching this range closely. In a small position but will dump if support breaks. Then add if lower low on 3rd rsi divergence around $340. I don't anticipate it staying down for long for now.
#Bitcoin Cash Usd ( Short Term )
Targets expected to be reached :
Target 1 : 432 $
Target 2 : 459 $
Target 3 : 491 $
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After healthy pull back on the market now its time to move up again. I believe if BCH break the key level then, we can see $420.
Second resistance level is $480. Good luck everyone this is just my opinion.
BCH couldn't test $515 so it dipped to the next lowest support at $365. Signaled entry at $365 beginning of February, now going for a re-entry of this exact same level.
Move is done falling, might wick a bit below the $365 support level, but all is well. BCH will consolidate before even attempting to move back up, so don't expect anything right away.
As always...
Here is a possible buy opportunity. The price bounced from 400.00 support zone. We got a reversal candlestick pattern, which is a bullish signal. RSI confirmed the price reversal. The market gives us a possible buy opportunity. It is risky, but it can be profitable if Bitcoin keeps the upward movement.
Entry Price: above 432.75
Stop Level: below 360.00
Profit...
Going down! ah well this chart is inverted, Down is Up, Up is Down, it's the festival, the clown. What outbreak is next up in the world??? 2020 is on FIRE!!!!!!
Previous Analysis:
Previous...
In my previous post I depicted that After taking a powerful bullish divergence in Dec 2018 the price action made upto 608% big move after that the priceline of Bitcoin Cash was going through the price correction period since Jun 2019 Upto Dec 2019 and the most lowest point has hit the 0.786 Fibonacci projection from lowest to highest point, and in the meanwhile...
If we don't take into consideration Bitcoin movements and bearish signals from the daily timeframe, the market looks very interesting for buying.
The price reached the support zone formed by 400.00 and SMA200. We have reversal candles that tell us about a possible reversal from the support.
RSI confirms the price reversal as well as MACD histogram. Yes, DMI is...
BCHUSD price action: Bullish spike up to 439$ after accumulation between 368 and 391$. Potential retest of last top at 405$. Next upward targets: 440$ and 480$ price level.
Invalidation breakdown bellow 395$. Bullish breakout of strong resistance red line.
Volume: bullish volume increased, good sign.
Indicators: MACD bullish crossover above zero line. RSI above...
This Concept is part of my ongoing study of Fibonacci Ratios applied to Assets.
This Chapter is part of an album to collect examples of true "Golden Ratio" growth.
This Chart captures the BCH.usd surge in early 2020 which grew by 1.618x increments.
This type of growth has been called "Exponential" or "Parabolic" by many analysts.
This occurrence is actually NOT...
