The 1H chart of Bitcoin Cash gives us a trading opportunity. We can see price consolidation near the uptrend line. Also we can draw a flag pattern which is a continuation chart pattern and it tells us about further downward movement, if the price breaks the signal line. But we have to search for an entry level for buying only. Based on the flag we can spot such...
(First time chart) Buy : 460 Sell1 : 500 Sell2 : 520 Stop : 430
I see the opportunity to SELL BCHUSD It is going DOWN today pretty much to 419$ area of 78% confidence interval the second target I will say 392$ with 50% chance If you like my analysis please help to like and follow Thank you
The price reached the downtrend line. This zone is important for further price movement. If the market bounces from this downtrend line, we should closely watch for price action near the uptrend line. We'll need a price reversal from the uptrend line for confirmation upward movement. Otherwise, the market will be able to drop to 400.00 support level. If the...
BCHUSD break Parallel channel down after hit 618 fibonacci retracement, and now try to break up 0.236 internal pattern. If we see some pullback, a good idea to follow bullish market with buy at 0.09 fibonacci retracement internal pattern at 413, and aim for bullish confirmation at 457.3. If bullish confirmation break up, maximum target at double top pattern at 547.3
Use Red Line For Pre Buy Signal Use Aqua Line For Buy Signal Use Green Line For Sell Signal (If you want) Use Lime Line For Confirmation It'll Head To 700. Use Pink Line For Stop Loss
The price dropped below SMA50 and we have a continuation of downward movement. MACD confirms that the market can move lower. We have to wait for good levels for buying. The 1st level, where the market can be stopped and reversed, it's 400.00 support level. If the market bounces from it, this new swing low will be higher that the previous one. It will be good...
in my opinion, the constellation at bch doesn't look good. the downward trend has been tested twice. bch was able to recover afterwards. currently there could be another downward wave. the question is whether the bch can recover again. but the basic question is: is the bch a real alternative to btc? for the upcoming changes in btc, btc will continue to hold its...
BCHUSD hit 618 fibonacci retracement inside channel up. bullish confirmation trendline break, target at 707 Support level at 503
If BCHUSD breaks it's two week downtrend it could signal the start of Wave 3.
I know many people hate BCH. But if you compare BCH's chart and BTC's chart there is one thing I can tell you that the first one is more trustful. While there is a bearish divergence hidden in BTC chart, everything happened reasonably with BCH: Price is bouncing from uptrend line after escape the downward channel, RSI is rising gradually and CCI (commodity channel...
The sky is the limit for BCH. I can see how an elliot wave continuation pattern could play out on a daily chart following that last monster up move. Just as i suspected we saw consolidation around the 550 level, which aligned with the 50% fib, and is now resting on the 61.8% fib level. On the 1H chart, bulls have retained control of the 20MA and is now pushing...