BCHBTC
Bitcoin Cash BCHUSDT - Bearish divergence + Ascending channel- RSi bearish divergence on 4h candles
- Ascending channel is a bearish pattern
- Rejected by the trend line since 14 Feb 2020
- Impulse Elliott wave completed
- We can expect lower prices
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Bitcoin Cash headed to $300!Bitcoin Cash - Intraday - We look to Buy a break
Trading close to the psychological 300 level.
Short term MACD has turned positive.
278.6 has been pivotal.
A break of bespoke resistance at 278.6, and the move higher is already underway.
Our outlook is bullish.
Our profit targets will be 299.7 and 304.8
Resistance: 278.6 / 290.0 / 300.0
Support: 270.0 / 262.0 / 257.5
BCHUSDT - Pull back to broken linesThe ascent was powerful but now Pivot formed on the roof of channel.
The evidence shows that we are in a channel and now we are moving in a downward direction to test the midline.
Signal line of CSRS turned to red that is a bearish sign.
In 15min resolution, a negative divergence forms at the channel roof, which is another confirmation.
I think pullback to the broken line is the ultimate goal, not the midfield.
In the mentioned range we also have fibo 61% and of course dynamic supports of fiboMA.
* During the time I was thinking and writing the price dropped as 2$ :|
BCHBTC bearish overview.Hello, traders.
BCHBTC chart is only looking bearish in my opinion, we are below two important resistances, but I am seeing a bullish divergence on RSI which means that we can see a pullback or a short term bullish rally.
But don't expect much more than that, the chart has a lot to show us before starts to look bullish.
Best Regards.
BCH going higher as i predictedI predicted a rise on the 14 and it happened.
Now, it will all depend of BTC that has good chances to move above 11200 in the coming week.
It's all written
We could rise back to 270 and hopefully after reclaim 320 again.
Watch out for whales moves as they played us a bad trick early september
BCH. Main trend. Triangle. Base of triangle 777%BCH formed a triangle formation globally with a base of 777%.
At the moment, the price is at the resistance of the downtrend line of the main trend. A breakthrough and consolidation above it will mean a reversal of the main trend. Enter on a breakout or pullback after a breakout of a given formation.
If you are not new to trading, then you can try trading within the global triangle.
Moreover, a fractally symmetric triangle of 23% is formed there, which can act as an upward pennant of 53%. If you are a bad trader, but want a lot of money, it is advisable not to trade inside the triangle.
BCH local work. Secondary trend. Triangle 23% 53%
There must be a strategy and a plan. At the same time, your strategy and plan should be flexible from market situations.
BCH local work. Secondary trend. Triangle 23% 53%BCH / USD pair If you are not new to trading, then you can try trading within the global triangle.
Moreover, a fractally symmetrical triangle of 23% is formed there, which can act as an upward pennant of 53%.
Enter on a breakout or pullback after a breakout of a given formation.
Globally, the BCH main trend has formed a symmetrical triangle formation with a base of 777%.
At the moment, the price is at the resistance of the downtrend line of the main trend. A breakthrough and consolidation above it will mean a reversal of the main trend.
BCH. Main trend. Triangle. Base of triangle 777%
There must be a strategy and a plan. At the same time, your strategy and plan should be flexible from market situations.
There must be a strategy and a plan. At the same time, your strategy and plan should be flexible from market situations.
BCH/USD (Retest Weekly Major Support?)COINBASE: BCHUSD
-Bitcoin Cash weekly chart view is still sideways
-It is trading inside a potential ascending triangle
-A clear flat area of resistance at 500 dollars
-And new upward trendline of support at 175 dollars
-BCH is likely to retest major support again
-Can we expect another strong upside movement after retest?
-There is a big chance because of good risk to reward ratio
-Buyers will be interested if the price get this low
-Please don't take this as financial advice
-Technical analysis is only a guide for future scenarios
-Exercise proper risk management