💡Don't miss the great buy opportunity in BCHUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (328.0).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BCHUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 347.2
TP2= @ 360.8
TP3= @ 373.1
TP4= @ 384.2
TP5= @ 396.5
SL= Break below S2
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BCHUSD
💡Don't miss the great buy opportunity in BCHUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (328.0).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BCHUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 347.2
TP2= @ 360.8
TP3= @ 373.1
TP4= @ 384.2
TP5= @ 396.5
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
BCH weekly chart still Intact?BCH on the weekly chart is still intact. The DeMark 9 indicator reads
it has hit the bottom.
If BCH can get some buying volume, it has to break the Hull Suite Indicator
and it then can move up to above trendline and
pursue its way to previous 2021 Highs at $1600. BCH must not break support
at $336 and then $248, I dont believe it will happen but the RSI is at the bottom
of the trendline as well.
TS ❕ GALAUSDT: long to 0.44335As expected, the impulse up will increase for this coin as well. Fixation above the area of 0.30305 - 0.34180 will give good ground for buyers.
BUY scenario: In the above area, it is supposed to search for an entry point to buy. Cancellation of the long idea will close the price under the given area. The growth target lies at the resistance level 0.44335.
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TS ❕ BTCUSD: impulse up At the moment, it is unlikely that anything will stop the price on its way to 42613.32. Approximately already in this area, buyers will be rebuffed and the price may fall.
BUY scenario: This long assumes a minimum stop loss and a target at 42613.32. You can take the risk/reward ratio for this trade as 1/3 or 1/2.
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TS ❕ ADAUSD: upward breakoutThe upper limit of accumulation has been broken and now we can expect the price to approach even higher. It is assumed that the price will fix above the level of 1.12496070 and go up to the nearest resistance.
BUY scenario: Buying can be done from the current ones with a small stop loss, this setup allows you to do this. The purpose of this small long lies at the resistance 1.26026152.
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TS ❕ FTMUSDT: buy at 1.9045According to FTMUSDT, it is still assumed that the coin will rise to the resistance of 2.1590. Already there, the medium-term perspective of the instrument will be decided.
BUY scenario: The point for buying is considered at the level of 1.9045. You can wait for the formation of a candle formation or enter with a limit order, do not forget about the stop loss.
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Remember, there is no place for luck in trading - only strategy!
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TS ❕ ETHUSD: growth prospectsThe price of this coin is inside the uptrend channel. In the near future, if the instrument manages to gain a foothold above 2812.30, it will open up good prospects for buyers.
BUY scenario: Possible long from the level of 2812.30, the price continues to strengthen above this level. The purpose of the growth so far is the resistance line of the uptrend channel.
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TS ❕ BTCUSD: sell remainsThe price is still expected to fall towards the support of 35741.35. A small correction up to the resistance line is now a good entry point for the sell.
SELL scenario: Short is expected after a slight rise to the resistance line. The target of the fall is the level of 35741.35.
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TS ❕ BTCUSD: short to 33000A drop to 33000 is expected soon. In this case, it is necessary to wait for the signal.
SELL scenario: For a short with the target of 33000, you need to wait for the price to close below the level of 38080.
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TS ❕ ADAUSD: coming to the targetThe coin goes to the intended target earlier, namely to the support of 0.92534905. In the very near future, the instrument will reach its goal.
SELL scenario: Shorts continue to be relevant. However, the price is now in the middle of accumulation, which is not very beneficial for finding an entry point. It's best to just keep selling if there is any.
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TS ❕ ETHUSD: SHORTSellers retain control of ETHUSD as well. Level 2558.75 is a good starting point down to 2153.95 support.
SELL scenario: Selling is possible now, when the price is right at the level of 2558.75. The target is the same 2153.95.
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TS ❕ BTCUSD: sell priority Sell priority remains in effect. While the price is not above the level of 38080, then purchases are not considered.
SELL scenario: Previous sales remain valid. Most likely, the price will go further down to 33000.
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TS ❕ ADAUSD: short dealA good sale can be made on a coin, but this requires a number of conditions. The downtrend continues, so this plays once again in favor of sales.
SELL scenario: At the moment, only one substitution is considered, in which it would be possible to enter a sell trade, and this is a false breakout.
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TS ❕ ETHUSD: from current downThe downward trend is still continuing for ETHUSD. In this case, so far no reversal is planned.
SELL scenario: It is very likely that the price will fall to 2153.95 from the current levels. It is unlikely that the price will be able to touch the resistance area indicated on the chart again before this.
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TS ❕ BTCUSD: short is relevant Short from the level of 38079.65 and near this level is preserved. The short-term downtrend is likely to continue. However, in the long run, perhaps something is brewing in favor of buyers.
SELL scenario: The opening of short is relevant now. Of course, the most conservative option will be short from 38079.65.
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Bitcoin Cash - BCH - Seriously BullishI Can see a 138%^ Projected bullish uptrend in the coming months, you will see.
The block size being increased will allow for this to accelerate.
COINBASE:BCHUSD
KRAKEN:BCHUSD
BINANCE:BCHUSD
BITSTAMP:BCHUSD
BINANCEUS:BCHUSD
BITMEX:BCHUSD
FTX:BCHUSD
PHEMEX:BCHUSD
BITTREX:BCHUSD
GEMINI:BCHUSD
TRADESTATION:BCHUSD
CAPITALCOM:BCHUSD
POLONIEX:BCHUSD
As you can see from various Ideas I'm never wrong.
TS ❕ FTMUSDT: good longThe coin worked out yesterday's forecast remarkably and now a retest of the level of 2.5310 is expected. This level now represents resistance and will remain as expected.
BUY scenario: The current price is very good for going long. The price is located at the support line, which contributes to growth with the target at the level of 2.5310.
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TS ❕ ETHUSD: small up tooEthereum is also gradually approaching the resistance area. Now it is assumed that this movement will continue after which we can again expect a downward movement.
BUY scenario: It may be too late to buy, but one can try with a small volume from current prices. The target is the border of the downtrend channel resistance. For the target, although difficult to reach, we can take the level of 2938.00.
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Remember, there is no place for luck in trading - only strategy!
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TS ❕ ETHUSD: SHORTAfter a slight recovery, sales continue to be relevant for ETHUSD as well. It is assumed that the coin will update the lows. Perhaps ETHUSD is slowly starting to reverse.
SELL scenario: Sales can be torn off from the current ones, or you can wait for a possible even small rollback up and then enter.
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Thanks for the likes and comments.
Bitcoin Cash? More Like Bitcoin CRASH!Bitcoin Cash (BCHUSD) has continued to pull back lower and sharper. We have hit a support at around 262, which may be the final low for our GREEN primary pattern.
Green Primary Pattern
Breaking the December 3rd low tells us that we are now pulling back deeper in a more conventional 5-wave C-wave instead of a 3-wave zigzag. If we are done with the correction or close to done, we'll have a to see a sharp impulsive 5-wave structure up really soon! Seeing anything other than this would more or less invalidate the GREEN pattern.
RED Alt Pattern
Turning back up and rallying in a clear 3-wave structure would make it very likely that the RED is the primary pattern in operation. This would call for a corrective bounce back up before a much deeper crash to complete the larger impulsive C-wave down. However, I am seeing this as a smaller and smaller possibility as this leg of the pullback is getting too far stretched downward to be counted as only a 1st wave. Breaking below 219 makes it far more likely that the PURPLE pattern is in operation.
PURPLE Alt Pattern
Stretching directly lower would instantly make the PURPLE pattern our primary. While the chart shows BCH going as low as 115 or so, there are several strong Fibonacci confluences below, any of which could form a bottom. The 186 extension is the point at which the C-wave would be the 1.00 extension of the preceding A-B structure, and this is typically the strongest possibility for the end of a correction. Seeing any kind of impulsive 5-wave rally upward would likely signal the end of the PURPLE correction.
Check out my YouTube explainer vid on BCH!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
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