BCH, ready for another ROUND to the UPSIDE!BCH, has been consolidating at the 240ish range for a few days now. Price has been moving horizontally with thin volatility suggesting a firm support at the current levels.
It's currently at the 38.6 FIB level -- a first level support for buyers.
On Daily histogram (top indicator), it has recorded its first bottom-wave shift line after almost 7 weeks. Last one was on June 13. This bottom-wave shifting line usually appear as a prerequisite before a surge in prices. New bubble up volume has appeared after almost two weeks suggesting firm support of buyers at the present range.
Daily higher lows has been created -- with first white light candle in sight.
On monthly data, it has recorded it's 2nd net positive volume increase signifying a firm support on the intended goal direction: UPSIDE.
Expect some significant price ascend from here on.
Spotted at 248.0
TAYOR.
Safeguard capital always.
BCH
#BCH/USDT#BCH
The price is moving in a descending channel on the 12-hour frame and is sticking to it greatly and is about to break upwards
We have a bounce from the lower limit of the channel, price 294
We have an upward trend on the RSI indicator about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 326
First target 387
Second target 444
Third target 514
#BCH Technical Analysis in a Daily TimeframeHello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.
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~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
BCH has rebounded from the support we mentioned in our previous video. The price is currently approaching the resistance trendline and the 50 EMA, which ranges between $345 and $363.
BCH needs to break out and close above this resistance level to remain bullish. A rejection will likely push the price down to the lower channel.
Key levels:
- Primary Resistance: $345-$363.
- Primary Support: $292.
- Lower Support/Decent Accumulation: $228.
- Targets: $444, $520, $616, $720.
DYOR, NFA.
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Alikze »» FTM | Continue reforming on the descending channel🔍 Technical analysis: Continue reforming on the descending channel
- In the analysis presented in the previous post , after leaving the density to the first blue strip area it made the first correction.
- Currently, it is moving in a downtrend in a downtrend in a downtrend.
- Depending on the type of behavior and structure of this return, it can extend to the middle of the channel or the Test of the Neckline area.
- So we will expect to continue the correction after the middle of the channel to the floor of the canal, which can then continue with the channel breakdown to 0.26.
- This correction is generally for the completion of the 2 -correction wave that can have a complex combination modification.
- So we will continue to consider the upward trend after the short -term correction is completed.
💎 Alternative scenario: After supporting the blue and money -wide range, it can have a test to the supply area, which can continue up to the channel and fibo 1.272 if it fails.
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BINANCE:FTMUSDT
BCH Technical Analysis in a Daily TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
BCH has broken above the symmetrical triangle pattern and is currently retesting. With the current price at $402, it is likely to see a further retest down to $346.
A rebound is likely to follow right after the retest. Once a rebound is confirmed, BCH is likely to rally up to $720 (110%) from the lower support.
Key levels:
- Primary Support/Entry 1: $346
- Lower Support/Entry 2: $292
- Target: 50%-100%.
- Invalidation: A close below support 2 price level.
DYOR, NFA
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Bitcoin Cash BCH price now at the stage of correctionWe described in detail about such a project as Bitcoin Cash and our global vision of the CRYPTOCAP:BCH price movement in our previous idea, almost 2 years ago)
Since then, the #BCHUSDT price has made a modest x9
Looking at the #BCHUSD chart now, it seems that 5 waves of growth have already passed, and now the A-B-C correction process is underway.
Do we want to buy BCH in our investment portfolio - no
But if we were told: here's your money, but only to buy BCH, then the limit buy order would be placed at a price not higher than $320
Interested in what will happen next? Like and write your own version of the events
Breakout Alert: #BCHUSDT Poised for Major Bullish RallyYello, Paradisers! 🚀 Are you ready to catch the next big move in #BCHUSDT? We have been monitoring #BCH for a while and now is the best time to pay attention:
💎#BCHUSDT has broken free from its longstanding descending channel, signaling a potential upward trajectory. After navigating this channel for a considerable period, #BitcoinCash has successfully breached it.
💎50EMA and increasing trading volume is reinforcing this bullish momentum. The key resistance level at $403 has now turned into a crucial support. This support level is pivotal as it has been respected multiple times in the past. If #BCH maintains its momentum above $400, there's a high probability of a sharp upward move.
💎However, if the price descends below the $400 support level, the scenario changes. In this case, the probability leans towards a bullish rebound from the lower, formidable support at $346.
💎If this support also fails to provide the necessary push to the NYSE:BCH , there's a high probability of a rebound from the support at $310.
💎While some inexperienced traders might be tempted to short at this point, it's essential to maintain a broader perspective and wait for proper price action. A break below the $310 support will likely trigger a significant downward move, causing the price to drop further.
Don't get caught in the noise; focus on the bigger picture and make informed decisions.
MyCryptoParadise
iFeel the success🌴
Alikze »» ZEC| Break down structure🔍 Technical analysis: Break down structure
- It is moving in a downward channel in the weekly and daily time frames.
- So far, there have been several reactions to the dynamic trigger, the bottom of the channel, which has been met with short-term demands.
- Recently encountered a buy pressure candle in the $16 area.
- This buying pressure candle has been able to cause the swing to fail.
- Therefore, it can continue its growth with a pullback to a broken down structure, first to the top of the channel and then to the supply area.
💎 In addition, it should be noted that if the range of $25 downwards is broken and stabilized, the bullish scenario will be invalidated.
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BINANCE:ZECUSDT
Alikze »» SUI | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a descending channel on a daily basis.
- Currently, there is demand at the bottom of the descending channel in the green box.
- If it can break the range of 0.78, it can continue its growth with a pullback to the support box until the supply zone.
- But if the green box area breaks down, the correction will be ongoing and should be re-examined and updated.
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BINANCE:SUIUSDT
BCH CHART UPDATE in 3-Day TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
BCH broke down below the crucial support trendline a couple of weeks ago, but it managed to hold support at $292.3. BCH responded with a nice rebound and is currently testing the $402 resistance (previous support trendline).
If BCH is rejected from the current market price, we still have lower supports at the $292.3 and $220 levels to hold the price. A breakout above the trendline will likely be a good sign for BCH.
- Primary Support: $292.3.
- Lower Support: $220.
- Resistance: $402.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
$BCH : Short or Long? I vote Short!!!!Bitcoin Cash was created as an alternative to the first and most valuable cryptocurrency — Bitcoin (BTC). In 2017, BCH developers modified the BTC code, releasing their software version and a full-fledged competitive product, which split Bitcoin into two blockchains: Bitcoin and Bitcoin Cash. Bitcoin Cash is a result of a hard fork in the blockchain due to differences in the community over Bitcoin scaling and the SegWit upgrade. Moreover, another hard fork, which divided Bitcoin Cash into two parts, Bitcoin ABC and Bitcoin SV, took place in the fall of 2018.
Alikze »» FORTH | Descending channel🔍 Technical analysis: Descending channel
- The 4H frame time is moving in a descending channel.
- Currently, in a limited range, the rangeing of a corporate pattern can have a downward refinement by testing the area.
- Therefore, if it is exposed to a sales pressure after colliding with a dynamic trigger and the range of sale, it can have a 273 and green box.
💎 Alternative scenario: If it can defeat the red box and the dynamic trigger, it can test the decline channel roof.
🛑 Resistance range: 3.22 - 3.32
🟩 Support range: 2.54-2.64
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www.radingview.com
Moving towards the resistanceThe price of BCH is around $391 and is moving towards the resistance level of $424. If the price successfully breaks this resistance level, it is expected to rise further. However, if the price fails to break this level and decreases, the support levels of $377 and $369 could serve as significant support points.
BCH: Oversold at SupportTrade setup : Trends are mixed but price remains above 200-day moving average, which keeps the long-term Uptrend alive. Price has pulled back to 200 SMA (support) and near $350 horizontal support, and also getting oversold (RSI ~ 30), which could be an attractive swing trade entry with +25% upside to $500. Stop Loss (SL) at $340.
Pattern : Price is Oversold at Support . This trading strategy finds assets that are oversold (RSI < 30) and are near a support area, which means there's a high probability that price will bounce up near-term. Oversold conditions are typically reached when RSI hits 30 or less. Learn this trading strategy in Lesson 5.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Neutral.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $350.00, then $300.00. Nearest Resistance Zone is $400.00, then $530.00.
Alikze »» BCH | Head and shoulders pattern scenario🔍 Technical analysis: Head and shoulders pattern scenario
- It is moving in a medium-term ascending channel.
- But now, due to the structural correction, it is moving in a short-term downward channel.
- Currently, due to the breakdown of the structure and the downward slope, as well as the movement in a short-term downward channel, it can continue with the pullback to the broken structure and the supply zone to the origin of the correction movement.
- Therefore, it can continue the correction with a retest up to the ceiling of the short-term descending channel and the supply area and complete the last leg up to the 250 range by breaking the major ceiling.
💎 Alternative scenario: if it can break the supply zone, the first target will be the $500 range, which can be considered as a pullback to the major ceiling.
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BCH ANALYSIS (4H)From where we put the "start" on the chart, it looks like a triangle is forming.
The depth of wave D is high, which strengthens the possibility of forming a triangle.
It is expected that we will have a return from the green range to the red range and then the main drop will occur
Closing the daily candle above the invalidation level violates the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#BCH/USDT#BCH
The price is moving within a 1-day ascending channel pattern, which is a retracement pattern
We have a bounce from a green support area at 405.00
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum
Entry price is 466.05
The first target is 571.10
The second goal is 620.40
The third goal is 692.20
BCH ( Bitcoin Cash ) tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
BCH/USDT It shows reject potential will revisit the support area💎 Paradisers, #BCH is indeed a coin worth monitoring closely.
💎 It appears that BCH faced rejection at the resistance level after attempting to break out. Based on current price action, there's potential for BCH to retest the support area around 445. If this scenario plays out, we might witness a bounce from this support level, with BCH resuming its upward trajectory and attempting to break above the resistance at 493.
💎 A successful breakout above 493 could pave the way for BCH to target the 530 area, which serves as the next significant resistance level. Breaking through this level would be crucial for BCH to sustain its upward movement and potentially reach our target supply zone area.
💎 However, if BCH fails to bounce from the support area and even breaks below it, the next target would be the support trendline. This level is critical as it represents a key support level that BCH needs to bounce from to maintain a bullish outlook.
💎 If BCH also breaks below the support trendline, there's still one more opportunity for support at the Bullish OB area around 405 - 390. A successful bounce from this area, accompanied by a reclaim of the support level, could signal a bullish momentum shift for BCH.
💎 On the contrary, if BCH breaks below the Bullish OB area, it would confirm bearish sentiment, and the bullish invalidation would be valid. In this scenario, we could expect BCH to continue its downward trajectory, potentially experiencing further dips.
MyCryptoParadise
iFeel the success🌴