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.
BCH
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.
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.
BCH - daily analysisBCH - currently trading on 647USD.
On daily still in bullflag formation. When breaks then it's good time to take long.
You can open long now and put second entry around 580USD if goes down.
SL below 540 USD - better to close manualy after daily candle close below this level.
Targets - 800 - 950 - 1000 - 1050
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.
BCHUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in daily time frame. As you can see, the price is fluctuating inside a rising flag. If the price above the line stabilizes, we can enter the trade for the above target. But if it can not break the line and we see weakness in the process, we can consider the fall to the bottom line.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
BTC/USDTBTC is trying to break the local resistance of 49150 - 49300.
Bitcoin is able to hold above the trendline and we may see a push through the local resistance soon.
If it breaks the up trendline again then we may see a retest of lower support zones.
BTC always volatile on weekends so trade accordingly!
If you liked my idea, follow me for more.
XEC (eCash) with impressive gains ! $0.01 by 11/2021? With nearly 35% gains in the past week, it managed to eliminate a zero from its price in the last 24 hours alone ! currently sitting at $0.0001263 and increasing.
Previously known as Bitcoin Cash ABC (BCHA), it has rebranded to eCash (XEC) and has redenominated to a 1:1000000 ratio.
Let’s see where this goes, and hope for a $0.01 break in the coming months, or weeks :)
BITCOIN (UPDATE)Bitcoin is now trading at the support of 48000.
It needs to HOLD this area.
The next support area is 46800 - 47000 zone.
No need to panic yet! market is rejecting from the major resistance and trading above the support.
This is just a small "correction" and we have seen small correction in last couple of weeks. BTC need to break the resistance area and hold above this to go higher.
I'll share more updates!