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BCHUSD

Bitcoin Cash ($BCH) Next Growth Challenge Bitcoin Cash (BCH) The performance of Bitcoin Cash (BCH) has been somewhat restrained since Bitcoin's rise began in mid-October. The asset only grew by about 25% over the month, but this growth has already been negated. Currently, BCH is on a downward trend, trading within the support zone of $206-$215. This is the same range from which BCH started its upward journey on October 16. If Bitcoin continues its correction, BCH might set new local lows. The first target for sellers would be the psychological level of $200. For BCH to start an upward movement, buyers need to show strength and break through the resistance zone between $235-$245 with significant trading volume. The next challenges for growth would be at the $250 level and then within the seller's range of $258-$270. Overall, in its current state, BCH doesn't seem to be an attractive option for spot buying, so it might be prudent to avoid long positions for now.
BINANCE:BCHUSD.P
by DEXWireNews
BCH Trading Forecast: Bullish Momentum at $155 Level📈 Trading Forecast: Bullish Outlook for BCH as Long Position Opportunity Emerges at $155 🚀 Based on my comprehensive mathematical analysis and the formation of a bullish cup pattern on the weekly chart, I have identified a prime opportunity to open a long position on BCH (Bitcoin Cash) at the $155 level. This level aligns with key support and shows strong potential for an upward price movement. 📊 Technical indicators support this analysis, indicating positive momentum and increasing buying pressure. The cup pattern suggests a bullish trend reversal, with the potential for significant gains in the near future. 💰 With this valuable insight, traders can strategically position themselves to capitalize on potential profits. However, it's essential to monitor price action closely and implement proper risk management strategies. 🔎 Stay tuned for further updates and analysis as we closely track the market's movements. Happy trading and remember to always conduct your own research before making any investment decisions! Disclaimer: This post is for informational purposes only and should not be considered financial advice. Trade at your own risk." ↪️Follow and see for yourself
Long
by AleantTrade
2
$ENS BREAKOUT DONE What is a trendline break and how to trade it? There is a breakout when the price crosses an important level. However, not all breakouts are created equal. There are preconditions for a breakout to be considered relevant: Consolidation before the breakout. A significant increase in trading volume. Indicating investors’ enthusiasm to push the price as far as possible. Regarding consolidation, breakouts often occur after forming a contraction pattern, such as a triangle or a wedge. During these market phases, the volume gradually decreases, and the amplitude of the movements does the same so that the price action evolves in a narrow range. A sudden increase in volumes, as well as the exit of the price from the range, is often indicative of a new trend forming. How to trade breakouts? There are different ways to trade breakouts in the stock market, which are more or less aggressive depending on where you open your position.
Long
by Crypto-Adda_Official
1
BCHUSD Double fibonacciPrevious fibonacci hit 1.272 target at channel up resistance, and continue to perform another fibonacci pattern inside channel up pattern. Right now BCHUSD at channel up support around 0.618. Target bullish from this position at $280 (fibonacci 1.272) and maximum target at $293 (Fibonacci 1.618) or at channel up resistance. If you have any question, do not hesitate to contact me Your support at this analysis will also support BCHUSD to reach bullish target Click here to check my other analysis
COINBASE:BCHUSDLong
by AzrulAzir
3
Bitcoin Cash BCHUSDT Price Analysis 8hBitcoin Cash BINANCE:BCHUSDT is on the cusp of a significant breakout, currently consolidating within a well-defined cup and handle pattern. A breach from this pattern signifies a potential upward surge towards robust resistance zones around $280 and $300. With current price at $230. Pattern Analysis: Bitcoin Cash is consolidating within a cup and handle pattern, a classic bullish formation indicating a potential uptrend continuation. Breakout Anticipation: A breakout above the pattern's upper boundary is expected to trigger a substantial upward movement, targeting resistance levels near $280 and $300. Support Zones: Vital support zones lie at $218-220 and $200, acting as crucial levels to watch during price retracements. Bullish Sign: Multiple bullish Falling Wedges within the cup and handle pattern highlight a positive market sentiment, suggesting a potential rise in BCH value. Stay vigilant for the imminent breakout, as it could mark the beginning of a significant uptrend in Bitcoin Cash's price. We should closely monitor the support levels and consider entry points cautiously based on the pattern's confirmation. Happy trading!
CRYPTO:BCHUSDLong
by Vestinda
Bitcoin Cash BCH long medium-term trade #22Yesterday, the BCHUSDT price behaved quite well during the "circuses" that were organized using trigger words: "ETF" "BlackRock" "SEC"... This manipulation "deleted" many shorts positions... but gave two points for reflection: - there is strong demand for growth. The slightest trigger in the form of a tweet and the price of BTC is ready to push up +7.5% in 15 minutes, the last time it seems to have happened in 2017. - What if, yesterday, many shorts' stop orders were deliberately knocked down to make it easier to fall without "extra passengers"? (There have always been paid-for articles or "accidental mistakes" in publications on the crypto market - it's a matter of price and benefit.) Write in the comments what do you think happened yesterday and what will happen next? Nevertheless, we are here to trade and make money on it. Therefore, we bring to your attention the conditions on which we are ready to enter the medium-term BCHUSD trade Entry: in the range of $177.6-189.6 (the desired average price is $183.6) Stop: $165.4 (-9.9%) Take profit: $305.60 (+65.45%) P/L ratio: 6.7/1 For now, we are taking a more pessimistic scenario as a basis, a price correction of -20% from the current one. Since it is not yet clear whether yesterday's manipulative events have finally worked on the price and what the final goal of the manipulation was. However, if the BCH price corrects relatively smoothly and slows down around $201 (-12%) , then this is also a reasonable and convenient point to enter long. We will closely monitor the movement of the Bitcoin Cash price and, if necessary, update the idea and the trade to adjust to the market situation. Therefore, if you are interested in the BCHUSDT trade, please like, comment, and subscribe to us, and Tradingview will send you a notification when the idea is updated.
Long
by P_S_trade
17
BCH still has many drops to come!From where I wrote "START" on the chart, the BCH symbol has entered the corrective phase. Examining the waves, we seem to be inside an ABC. Wave A has formed and we are now in Wave B. Our B wave has become a diametric, the last wave of which is only g left. It is expected that wave G from B will end in the red supply box or a little higher, and we will enter wave C of a big drop and go down to the lower green box on which I wrote TP. I specified the invalidation level, that closing a daily candle above this level will violate the analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Short
by behdark
10
Bitcoin Cash Parabolic Rally Update! | BCH Price Prediction 2023Hi friends hope you are well and welcome to the new update on Bitcoin cash (BCH) Harmonic bullish reversal move: Before starting the analysis of BCH, I would like to share with you my most recent trade signal for Bitcoin cash, which I shared few days ago. That was a harmonic bullish reversal BAT move, which BCH formed on a 4-hour time frame, and recently it has begun a successful bullish reversal form the potential reversal zone of this move. Massive breakouts: On a weekly time frame chart, from March 2021 uptil January 2023 the priceline of Bitcoin cash was moving inside a very big falling wedge pattern, and finally in the second week of January 2023 Bitcoin cash broke out this huge wedge pattern but got stuck inside in another symmetrical triangle and in the second week of June 2023, after testing the support of this triangle BCH rallied almost 200% and broke out the resistance of this pattern as well. Dropped in golden pocket: After the 200% rally the price was dropped 61.8% that is considered as a golden pocket of Fib retracement level. Finally it has happened and BCH has begun nice reversal move Broke out the channel: On a daily time frame, for almost 77 days priceline was moving inside a long down channel. Finally it broke out this channel on 15th of September 2023. After the break out the price and got rejected by the reference of $226, it has also broken out this resistance as well. There is also a support at $180, which is also a recent swing low before this channel’s breakout, therefore, below this support the stop loss can be placed, in case of trading this breakout. Targets: Target for the recent channel’s breakout is at the top of the channel, which is approximately $315, and if we take a look at the target for the previous breakout from huge falling wedge pattern, which has already happened on a weekly time frame, that is at the top of the wedge, which can be between $1600 to $1800. Conclusion: For the past 77 days the priceline Bitcoin cash was moving continuously to the downside, but after breaking out the recent down channel and starting a bullish reversal from a golden pocket it is confirming a trend reversal from the downside the outside.
KRAKEN:BCHUSDLong
by moon333
1