BCH/USDT1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN CASH update from Crypto Sanders.
Chart Analysis:- Bitcoin cash (BCH) was a notable gainer on Monday, as the token rose to a two-month high to start the month.
BCH/USD peaked at 246.98 earlier in the day, after trading at a low of 233.74 during Sunday’s session.
This was the strongest point that Bitcoin cash has hit since July 31, when the price reached a high of 259.00
today’s move comes after a key resistance level of 245.00 was briefly broken, bulls have gone on to retreat from earlier positions.
One reason for this was a collision that occurred on the relative strength index (RSI), which hit the 70.00 resistance point.
Currently, the index is tracking at 69.53, with BCH at 243.30 as of writing.
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BCHSHORT
BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin cash (BCH) was a notable gainer in today’s session, as the cryptocurrency climbed for a second straight day.
Following a low of 206.86 to start the week, BCH/USD peaked at 213.89 earlier in today’s session.
The move saw bitcoin cash close in on a resistance level of 225, which was last reached on September 18.
the move comes as the 10-day (red) moving average remained above its 25-day (blue) counterpart.
the relative strength index (RSI) has broken out of a ceiling at 52.00 and is now tracking at 54.50.
A point of resistance at 60.00 now seems to be the next target for bulls, and if hit, BCH will more than likely be above 225.
I have tried to bring the best possible outcome to this chart.
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BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Another big mover on Monday was Bitcoin Cash (BCH), which surged by as much as 5% in today’s session.
Following a low of 205.78 on Sunday, BCH/USD rallied to an intraday high of 221.88 to start the week.
bitcoin cash briefly broke out of a ceiling at 222.00, hitting a three-week high in the process.
This surge has pushed price strength to a collision with a resistance level of its own, at the 60.00 mark.
The index is tracking marginally above this point at 61.44, which is the highest area it has hit since July.
Should it continue to move past the aforementioned ceiling, there is a chance that BCH will be near 240.00 in the coming days.
I have tried to bring the best possible outcome to this chart.
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BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin cash (BCH) rose by as much as 6% on Tuesday, as bulls returned to the market following recent declines in price.
After falling to a low of 181.38 to start the week, BCH/USD raced to a peak of 198.93 earlier in the day.
This rally saw bitcoin cash snap a four-day losing streak, which pushed the price close to a support level of 180.00.
it appears that this was the trigger bulls needed in order to return to the market.
The 14-day relative strength index (RSI) also bounced at its own floor at the 35.00 mark and is now tracking at 37.58.
Should today’s momentum extend through the rest of the week, there is a good chance that BCH will rise towards a critical resistance level of 220.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
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BCH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin cash (BCH) rose by as much as 5% to start the week, despite the wider market mostly trading lower.
BCH/USD jumped to a peak of 242.29 earlier in today’s session, following an earlier low of 219.27.
The move came after BCH briefly broke out of a support point at 220.00, with traders swooping in to buy the dip.
Another catalyst to the surge appears to be the 14-day relative strength index (RSI) moving past a ceiling of 48.00.
Currently, price strength is tracking at 49.48, which is marginally below the next point of resistance at 50.00.
In the event this level is breached, there is a strong possibility that BCH could move towards 260.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
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BCH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this BCH/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin cash (BCH) rallied back above 300.00 on Thursday, prior to the global crypto market moving to consolidate.
Following a low of 250.23 on Thursday, BCH/USD jumped to an intraday peak at 300.85 earlier in the day’s session.
As a result of the rally, the price moved to its strongest point since the start of the week, and closer to a recent 15-month high.
Earlier gains have now been erased, with BCH falling to a current reading of 279.71 as of writing.
One of the catalysts for this is the fact that the relative strength index (RSI) moved closer to a ceiling at 73.00, after bouncing from a floor at 70.00.
The index is now tracking at 71.69, and will likely consolidate around this area for the remainder of the day.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
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BCH/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BCH/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Bitcoin cash (BCH) was another notable gainer to start the week, as the token moved to a ten-day high.
BCH/USD hit a peak of $129.15 on Monday, a day after the price was trading at a low of $120.54.
This rally sent BCH to its strongest point since March 24, when it rose to a peak at $132.05.
Earlier gains have since slipped, as the RSI collided with a ceiling at the 51.00 mark. Currently, the index is tracking at 50.59, following a rally from a support point of 47.00.
Overall, bitcoin cash is now up 5.78% from the same point last week.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BCH/USD 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this BCH/USDT 1DAY chart update.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Bitcoin cash (BCH) raced to a one-week high on Wednesday, despite cryptocurrency markets mostly trading lower.
Following a low of $103.09 on Tuesday, BCH/USD surged to an intraday peak of $109.09 earlier in today’s session.
The move saw BCH hit its highest point since November 8, when the token was trading close to a high of $120.00.
As can be seen from the chart above, today’s high saw bitcoin cash move closer to a key resistance level of $110.00.
The 14-day relative strength index (RSI) also rose higher, with the index breaking out of a ceiling of its own.
Currently, the index is tracking at 46.52, which is above the aforementioned ceiling of 45.00.
This is not a piece of financial advice.
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HIGHLY IMPORTANT DECISION TIME FOR BCH!Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity.
Bitcoin Cash is high volume coin. Which is a good thing in a bull market.
But right now we are in bear market and at a very important price zone for bitcoin cash!
277 is a massive support area.
If you look at number 5 on the chart, you shall see price action was around 277 for over 2 months.
After the breakout above price went parabolic rising 5x.
Also if you check number 1-2-3-4 on the charts, you will see everytime price break above 277 area and retest it, bch lose value and drop to the 200 price zone.
Support areas
277
255
200
Resistance areas
292
318
342
386
Short term outlook;
If we cant hold 277 now, we will probably see 200 price zone again!
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BItcoin Cash Midterm Analysis📊 BCHUSDT (Bitcoin Cash )
💹 Time Frame: Daily (Update)
➖➖➖➖➖➖➖➖
🟡 BCH is now trading near the S/R area of 350$. BCH has already broken the trend line and holding it well. You can build your position in BCH near the 370$ _ 400$ area but . The first resistance is $620 area
and the major resistance is $700-$720 area. The next good support is 260$_ 300$ area.
⚠ Use proper stops in trades as the market may become Volatilein the coming days.
💎 This analysis will be updated
Amir Hossein
📅 02.11.2022
⚠️ (DYOR)
BABUSD(BCHUSD): Triangle and downside risk (9.06.2020)At D1, the cloud is directing downward, indicating a downtrend.
Besides, the cloud is directed downward at H4, which also indicates a downtrend.
On H4 and H1, the correction model in the form of a triangle is visually well visible.
We recommend selling on the breakdown of the downward correction model boundaries, or in case of false growth to the level of 250 (when RSI will reach overbought level at H1).
Bitcoin Cash: Analysis using Ichimoku 23/06/2020H4
On D1, the price fluctuates around the cloud. The triangle model of correction is visually clearly visible.
Conclusion:
Locally, we recommend selling when the RSI reaches an oversold level on the H4 and when the price will reach to the Fibonacci level of 36.8% and 23.6%.
H1
At H4, the cloud is directing upward, indicating an uptrend. At H1, the cloud is directing upward, indicating the movement within the framework of the trend for H4.
Conclusion:
Locally, we recommend buying from the Ichimoku cloud. As a result, the RSI may form a divergence, which will be confirmation for lower of the price on H4.
Good luck!
Scam coin fallingBitcoin Cash retracing to 353 or lower to 335. Both strong support zones and Fibonacci retracement levels, so good to buy there and go long.
Currently at 376 support which is 0.618 Fibonacci. If price will manage to stay above that will be very bullish. At least BCH may bounce to 410 - there it will form potential right shoulder of H&S pattern, and finally dump =)