Trading is slower recently with less than usual decent trade setups. But this looks like a good setup. With VRVP supporting current price with high volume and this coinciding with the bottom of a larger up-trending channel entry here is nearly as good as we can expect. Additionally, our daily RSI is in a fair range.
We do have some resistance to get through. 237...
Hello Everyone,
The BCH/USD situation appears somewhat ambiguous at present. While the trend suggests a bearish scenario, upon closer examination, the bullish perspective seems to hold greater sway. It will be interesting to observe how the support levels hold up in this context.
TradeWithTheTrend3344
Hi there,
The price is neutral over the 268.71 low. A break of this low might encourage more bears, but the price can reverse to test the 280 area.
293.79 and 283.23 highs maintain the bearish momentum in this time frame, and as long as 283.23 is still active over the current price, the overall trend is bearish here.
Happy Trading and have a great weekend
K.
After a long time bch is about to pump.
It's accumulation zone and soon we will see manipulation zone downward then it will go upward.. My first tp is 330.
Just hold it.
Hello Everyone,
In the BCH/USD pair, our focus is on the weekly and daily pivot points to potentially serve as support at present. Failure of these levels to hold could potentially trigger a bearish pushback.
TradeWithTheTrend3344
Hello Everyone,
The BCHUSD pair is nearing its 1-year high of 329.71, indicating a potential resistance level ahead. We are currently monitoring the daily support levels to gauge the market's stability. Despite this, the overall outlook remains bullish for BCHUSD, suggesting long-term growth potential.
TradeWithTheTrend3344
Another week and another free sharing from the TTR most recent #cryptocoin pick update:
Bitcoin Cash is another quite undervalued token. The breakout level sits at 329.50 followed by a main breakout zone resistance at $400-410
I don’t own much of this coin, only 20, but I see great potential here if 1450 is broken to the upside. A test of the 1400-1450 zone will...
Retest Phase of $260 Barrier Breakout: Bitcoin Cash (BCH) is currently in a retest phase following a breakout above the $260 barrier.
12% Jump Challenges $285 Resistance: A significant 12% increase this Sunday challenges the overhead resistance at $285.
Potential to Reach $309: Crossing $285 could propel BCH towards the $309 mark.
Ascending Triangle Breakout:...
Bullish Revival in Ascending Triangle: Bitcoin Cash (BCH) exhibits a bullish revival within an ascending triangle pattern on the daily chart, indicating potential for upward movement.
Reclaiming the 50-Day EMA: BCH's price action has successfully reclaimed the 50-day EMA, suggesting a strengthening bullish momentum.
Potential Rise to $260 Barrier: The current...
BCH has the tightest Bollinger bands on the daily and weekly, what do we know from Bollinger bands? we know that volatility comes at expansion.
Does it expand up or down? According to it's history, the direction is up however we remain cautions and react at given levels.
