BCH/USDT Potential Rejection And Continue Upward Movement Hello Paradisers, turn your attention to this token!
💎 BCH, also following BTC's sharp decline to $24k, has breached its demand zone.
💎Currently, BCH might rise to form a new leg before either continuing its descent or heading straight to the Bullish Order Block or untouched demand zone.
💎Typically, a fresh demand zone witnesses a strong bounce-back, given that it remains untapped. Such areas often house a significant number of buyers and accumulation activities.
Bchusdt
Bitcoin Cash just reached 200 price.Hi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash just reached my main target at 200 price. This is lower bound of 220-200 support level. In my previous ideas I indicated that it's very likely that BCH will touch that level. It took some time but eventually Bitcoin Cash has reached 200 level.
Now there are view options how BCH price can behave at that level.
Option 1: Price can correct to 220-230 price and from there slowly drop back to 200 level.
Option 2: Price can consolidate at 200-220 price range and after some time drop under 200 level.
Option 3: If Bitcoin falls under 28k then BCH drops under 200 level.
I expect that there will be some correction up to 220 price and from there drop to 200 again. Let see how it goes.
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Bitcoin Cash just broke it local support at 235 price levelHi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash just broke it local support at 235 price level and almost touched upper bound of 218-200 support area. As I indicated in my previous ideas I wait 200 price level after which there might be some correction phase. Before BCH will reach this level I don't expect any significant correction. Otherwise everything goes as expected and I think that very soon we'll see Bitcoin Cash at 200 price.
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BCH LONG h4 / BEST SIGNAL Hello dear traders,
This asset has attractive technical conditions for long trades, as breaking the downtrend line could lead to significant profits from this currency.
I have drawn a probable price movement pattern for you, so you can enter at a suitable point based on your trading style.
Wherever you are, I wish you the best of luck, and I would be happy to hear your opinion.
BCH UPDATE (4H)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the BCH symbol.
The green box target is still standing. We are looking for short transactions in the red box
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
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 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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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 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/USDT will probably go out of the banner shock!BCH/USDT will probably go out of the banner shock!
🚀📈 Exciting News! 📉🚀
📉 BCH/USDT has recently experienced 5 consecutive days of slight decline, indicating the release of short selling momentum.
But wait, there's more! 📈 The positive trend is pulling up, showing signs of a potential upward surge! 💹
💪 With the closest support around 225.04 (June 29, 2023 opening price), the outlook is promising for potential rebounds! 📊
🚩 Get ready for a flag-shaped oscillation pattern ahead, offering opportunities for both short-term traders and long-term investors! 📈🚩
🌟 Don't miss out on this golden opportunity!
Stay tuned for potential profits as BCH/USDT prepares for exciting price movements!
#BCH #USDT #ForexTrading
Bitcoin Cash rally is overHi guys, let's review the current situation on Bitcoin Cash.
It seems that Bitcoin Cash continue rally is coming to the end and probably we won't see any big green candle on weekly chart. In my previous post I indicated that last couple weeks there was extremely high volume on weekly candles and often it may indicate on changing direction, at least short term. Note that last on last week candle there was highest volume ever on BCH so it's normal that there will be some correction. This week we can see this correction.
If bulls want to continue recent rally then it's important for them to BCH close above 265 on weekly candle, it would be better if it closes somewhere around 280-290.
If this happens then we can expect price to test 330-340 levels but from current situation it's unlikely that this will happen. I expect that even if BCH price will rise it won't go higher than 300-310 and then continues it's correction to 220-200 levels.
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Many thanks.