BCHUSDT SHORT PROJECTIONWe have identified a bearish breakout on the support formed over the market sideways happened under an hourly timeframe, which looks promising for a downside momentum ahead.
BCHBULLUSDT trade ideas
Bitcoin Cash is trading in a narrow price rangeHi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash is traiding in a narrow price range between 260 and 235. It seems that it's found local support at 235 and from there it's trying to test 265 resistance but so far it didn't go higher 260 price. I don't think that BCH price will go significantly higher than 265 resistance area.
Overall I'm bearish on Bitcoin Cash and still waiting its reaching 200 support level but it can take some time.
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Bitcoin Cash/Drop with rectangleRead the caption:
As long as Bitcoin Cash is below the level of 247.1, it can continue to fall
The targets are shown in the figure
Comment your opinion
BCHUSDT LONG H4 0.618 FIB BounceLong on 0.618 bounce. Stop loss at invalidation of set up below 0.7 level.
Target in tranches:
1:2 RRR
1:2.75 on previous resistance
1:5 on break for possible trend following set up
BCHUSD ❕ tests the supportTrading volumes declined on price correction.
The asset fixed above 50EMA on 4H TF.
I believe that the asset will bounce off the support.
BCHUSDT short term analaysisBCHUSDT looks like it's ready to go higher .
The price is trying to break the resistance.
Once it break successfully 253 $ resistance , it should go much higher.
How to trade it?
Buy a successful breakout with a volume increase on 4h timeframe or wait for a backtest of the resistance in order to confirm it as a support.
MACD looks bullish which confirms our bullish bias.
Take profit: 290 $
target: 313$
Once the long position is taken, place a stop loss at 245 $
Good luck
BCH Moving sideways potentially going back to premium Quick video analysis of the 5 minutes trend setting the OB, FVG, Equilibrium and zones. Showing the liquidity zones. If going back to premium waiting until price goes below equilibrium to buy.
BCHUSDT BREAKOUT lONG SetupBCH break the resistance trendline and break double bottom resistance area. Now BCH already retesting and potential continue upward movement
BCH/USDT (long)
Leverage : CROSS 10-20x
Entry : 253.2 - 247
Target : 259.67 - 266.32 - 274.90 - 285
Stop : 243
BCH/USDT(LONG CALL)After a huge gain to 300$ range BCHUSDT corrected to 233$ support range and now it has broke a major resistance of 250$.If it holds this range i think it will again eye the 300$ range.So, its a good chance to have e LONG position.But as BTC is showing weakness we must use small margin.
#BCH/USDT
Entry : 251-253
Take Profit : 1)263
2)280
3)300
Stop Loss : 244
Stay Patinet
Stay Safe
BCH final target 4771D time frame
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BCH breaking out this falling wedge structure.
Momentum for next run just start.
360~394 is potential resistance zone, TP there is better choice.
After pullback and support at around 300, then 477 will be the final target.
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TP: 360~394, 477
SL: 205
Bitcoin Cash in declineHi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash is in strong downtrend and isn't showing any signs of life. In my previous post about Bitcoin Cash I wrote that it is likely that price will go to 200 level. So far it goes slowly but surely. Even recent Ripple win in court against SEC didn't help BCH to climb to 300 and stay above. There is definitely no buyers in Bitcoin Cash and price will slowly drop to 200 and maybe even lower.
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Many thanks.
BCH ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the BCH symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BCH Technical Analysis#BCH Technical Analysis
I wont type anything special coz i have already mention this pattern multiple time time,
i would just say to keep an on 220$ CRYPTOCAP:BCH
if you understand anything from it you comment.
Potential Upside MomentumBitcoin Cash is now trading at $240 support level, and the next major support is around $232. If the price falls below this support, it might test the $220 level. Further losses could lead the price towards the $200 handle in the near term.
Brief Analysis ——BCHLTC is expected to be halved on Aug.2. The block reward will change from 12.5 LTC to 6.25 LTC. The halving of token does not necessarily bring the rising, but for tokens, the halving is a deflation way for tokens. This model makes sense. It is different from the inflation way for traditional currencies. Today we bring a brief analysis of LTC, DASH and BCH. It should be noted that the halving of LTC and BCH is coming soon, and the halving of DASH has already happened.
BCH has been fluctuating for nearly a year since July 2022. On June 21, 2023, the bulls was significantly strengthened. The price rose and it approached the upper rail of the range in a single day, and then pumped. In 10 days, the price increased by 177%. There is no doubt that BCH has turned bullish on a large scale. Although in July, the long-term callback of BCH appeared. It is not destructive for the previous rise. After the fall indicated by the red arrow, the price continued to fluctuate for 5 days, the power of the bears weakened. The price rose on Sunday, approaching the upper rail of the range (gray area) and the trading volume showed a increase.
Conclusion: Mostly fluctuation. The probability of rising is greater than that of falling. The current price has not reached the high of the previous few days, so we think there is a high probability of fluctuation. But BCH is bullish on a large scale, so we keep the possibility of rising. We set resistance level at 262 and support level at 232.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
BCH rally update!Hey friends hope you are well, and welcome to the new update on Bitcoin Cash (BCH).
Falling wedge breakout:
On a weekly time frame, the 15th largest cryptocurrency has broken out a falling wedge pattern.
Big symmetrical triangle:
After the breakout Bitcoin Cash was not able to continue the rally because of a resistance of big symmetrical triangle.
Bull flag:
On a daily time frame, priceline of BCH has formed a bull flag and target for this bull flag is almost $1000.
Conclusion:
Bitcoin Cash has broken out two major resistance levels of a falling wedge, and a big symmetrical triangle. Now the bull flag formation is signaling to the continuation of the rally.
BCH is ready!!In my opinion, with only basing my assumtion on the candles pattern of BCH.
TAYOR : Trade at your own risk
BchIf the green support is not lost, in the first stage of the roof of the channel, and if the roof is broken, higher red numbers can be seen, if the floor of the channel and the green line are corrected, it can be checked.
