BCH has a Good bullish chance right now!Hi every one
BITCOIN CASH / TETHERUS
BCH is ranging in a Broadening Wedge pattern! the Price can Range between the Upper and the Lower Line of this Pattern as long as a Break out has not happened! so now BCH is at the bottom of this pattern! the odds of bearish Break out is high but there are also some things to consider! there are Hidden Bullish Divergences (+HD) on Both MACD and RSI Indicators! so this means there is a Great chance that The current price would be a Strong support for BCH and a Bullish Movement would start From here all the way to the Top of the Broadening wedge!
Summery:
-BCH is in a broadening Wedge!
-There are (+HD) on Both MACD and RSI
-The odds of Bullish Movements to the top of this pattern is pretty High!
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Thank you for seeing idea .
Have a nice day and Good luck
BCH
BCH could fall even further 😱😱Bitcoin Cash is trading in a local range. At the same time, the price is pushing towards the lower end of the range, indicating weakness on the part of buyers and the possibility of another wave of declines. Most stop losses are at $583. If this range is breached, the price could fall and collect these stop losses and then continue to rise.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
MY MINIMALIST ANALYSIS OF $BCH9.13.21
My Minimalist Analysis of $BCH
Has Touched our support area and bounced several times. About ripe for the picking.
Indicated are key levels of support and resistance using small and large trading range boxes for ENTERING A SWING TRADE (Short - Long.)
Watch out for Patterns, Divergence, EMA, Candlestick Math, and your Fibs.
Further Analysis on price action is required on a 1HR-4HR chart when entering or closing a trade, depending on your risk appetite and trading style.
Disclaimer:
The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and must not be taken as investment advice.
Thank You for your appreciation and support.
BCH parallel channels#BCHUSD
as you know I like parallel channels 😊
the fibonacci retracement and angle give me a target for $BCH around $1400, that is the same as a line of parallel channels.
if #BCH going to complete AB=CD pattern then price has to break the descending angle line and head up toward 1.414 fib level around $2200, which is the upper line of the fourth parallel channel.
BCH/BTC buy opportunity - watch closely Hi followers,
BINANCE:BCHBTC showing first signs of a potential big reversal to the up side,
After long period of side ways consolidation, the pair formed clear higher low, some buyers are stepping in with breaking previous swing high.
A breakout above the resistance line of the consolidation range, will be very bullish!
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
🔥 BCH Resistance Held: Reversal Soon?A couple of weeks ago I made an analysis on BCH. Here I argued that once we closed above the $715 resistance level, a push towards $800 was imminent.
$800 was indeed reached. However, the resistance was so strong that it caused a massive reversal once Bitcoin fell, pushing BCH back into the support area between $800 - $715.
I'm expecting this bearish move to be of a short duration. First BCH should move back to $800, which can happen this week once BTC settles down a bit.
In the coming weeks I'm expecting BCH to push towards the next target based around $940.
Happy trading!
Bitcoin Cash (BCH) formed Cup & Handle for big moveHi, dear friends, hope you are well, and welcome to the new trade setup of Bitcoin Cash (BCH).
Previously we had a nice trade of BCH:
Now The price action of BCH has broken out a Cup & Handle on a daily time frame. There is also 200 SMA support between breakout point and handle of Cup.
Buy: Buying is already confirmed as the candlestick has been closed above the breakout candlestick.
Sell target: $1000
Stop loss: below the handle of Cup at $590.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
SXP/USDTSXP is now retesting the resistance of 3.9 - 4.1 area. So far SXP unable to close a candle above the resistance area and the long wicks showing selling pressure. Wait for a candle close above this resistance level. The support is 3.45 - 3.55 and this is good buy zone for SXP. Wait for a breakout or a retest of support zone.
BitcoinCash is Expected to Breakout and Head Towards 770Trend Analysis
The main view of this trade idea is on the 15-Minute Chart. The cryptocurrency BitcoinCash (BCH) has been in a rangebound movement over the last couple of days between the 695 and 735 price levels. Given the current uptrend, expectations are for a break above the top of the range. Given the width of the range, a target a little above 770 is targeted for the cryptocurrency. These expectations will be negated will BCH fall towards 675.
Technical Indicators
BCH remains above its long term 200-SMA despite being in a rangebound movement over the last couple of days. Its Awesome Oscillator (AO) is above 0 and green while the Directional Movement Indicator (DMI) is in a positive zone, with the positive DMI being greater than the negative DMI. These technical indicators support the view of a breakout at the top of the range.
Recommendation
The recommendation will be to go long at market. Stop loss will be set around the 675 price level with a target of 772.50. This produces a risk reward ratio of 1.57.
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.
BCHUSDT TECHNICAL ANALYSIS Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or altcoin that was created in 2017. In November 2018, Bitcoin Cash split further into two cryptocurrencies: Bitcoin Cash and Bitcoin SV.
The candle break out down trend line and reached out on the resistance line. If candle close price around $722 on today and next candle stay above this price, our next target might be $1104. We got some signal from our robo advisor @EngineeringRobo as well. Let’s follow up our chart closely.
“NFA”
$BCH: It might finally be timeTaking a chance here with the fake Bitcoin. 4H range lows were previously swept. Unswept highs above. Ultimate target is $711 but I think the current target is a fair area to take profits. Below the lows of $621 I think we go lower to the high 500's. Hopefully we don't wick the SL.