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BCH

Pullback in BitcoinCash Towards 580Trend Analysis The main view of this trade idea is on the 15-Min Chart. The cryptocurrency BitcoinCash (BCH) is pulling back in the short term towards 580. There was some failure as the cryptocurrency attempted to break above 700 resistance. From there BCH formed a symmetrical triangle illustrated in the chart and broke below the support trend line. Expectations are for a decline towards 580. A negation of these expectations will be observed if BCH breaks above 675. Technical Indicators BCH recently had negative crossovers on the short and long term MAs as well as the medium and long term MAs. Currently the short (25-MA) MA is below the medium (75-MA) term MA and the medium term MA is below the long (200-MA) term MA. RSI is also below the 50 price level and the KST had a negative crossover Recommendation The recommendation will be to go short at market. Stop loss will be set around the 675 price level and a target of 580. This produces a risk-reward ratio of 1.69. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in BCH.
KRAKEN:BCHUSDShort
by Ceddy86
BCH/USD:UPTREND|TRIGGER READY FOR A NEW BUY OPPORTUNITY. $800 Today we analyze BCH / USD. In the last year this Crypto has been characterized by an increase in its value over 147%, in August the Value has risen by 25% after remaining within an accumulation channel where the price is bouncing harmoniously between the values ​​715 $ and 600 $. If we were to follow the technical analysis we would see further momentum around the $ 600 area which would trigger Bull Investors' Buy Limits again for further appreciation in value. Our fundamental vision for this Crypto, in the long term is bullish, data in hand. We hope for this new retracement opportunity to be able to buy more pieces. Let me know what you think in the comments.
COINBASE:BCHUSDLong
by FOREXN1
3
🆓Bitcoin Cash (BCH) Aug-22 #BCH $BCHBCH is moving sideways around the $650 zone and heading up to the $800 and $1100 zones. But if in the next few days it loses the $650 zone, it will fall back to the $550 zone 📈BUY 🔴Buy : 635-665$. SL if B 🔴Buy : 780-820$ if A. SL if B 📉SELL 🔴Sell : 780-820$. SL if A 🔴Sell : 1070-1130$. SL if A ♻️BACK-UP 🔵Sell : 635-665$ if B. SL if A 🔵Buy : 535-565$. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
Long
by CryptoStation
BITCOINBitcoin was in the range 48050 - 45660 for 24 hours. Straits to 45000 are quickly redeemed, at the time of writing the review the main cryptocurrency is trading about 46400. We see on the price chart that Bitcoin has moved to a decline after it came out of the rising wedge. The bit approached its support zone at (45300 - 46300). If we break through this zone, we will move further in the range (41000 - 45000) until we move on to growth. If we can't break through the resistance and consolidate above 48000, we will start reducing. We broke through the resistance, but we could not keep at this level and began to fall, the local minimum to which reached the price of 45239. The daylight candle closed below 46000, which means that there are every chance to go to 43000 - 42000 in the near future if there is no positive. But I have already said that this situation will not last long and until the end of the month we will see a bit of 50000 or higher, and a small correction is even useful for the market. P.S. Today if Bitcoin cannot consolidate on 47000 or higher, we can go back to the levels of 45000 - 43000. Care and fixation above 47000 will return the price to the resistance zone by 48000.
by MonoCoinSignal
4