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BCHUSD

BCHUSDT Forms Prominent Triangle on Daily ChartCurrently Bitcoin Cash KRAKEN:BCHUSDT market is undergoing consolidation near the crucial support line of the triangle, setting the stage for potential movement in the coming days. 💜 If you appreciate our charts, support us with boost button 💜 Technical Insights: Pattern Formation: The development of a large triangle formation suggests a period of indecision and potential market coiling. Support Consolidation: The present consolidation near the support line within the triangle signifies a critical juncture for market participants. Anticipated Rebound: The upcoming days could unveil a noteworthy rebound to the upside, fueled by the dynamics of the triangle pattern. Key Levels Within the Triangle: Support Zone: The support line within the triangle is prominently situated at $222, acting as a crucial level for market stability. Resistance Zone: Positioned at $247, the resistance within the triangle marks a pivotal barrier that the market must contend with. Strategic Considerations: Observing the Triangle: Keep a vigilant eye on the ongoing consolidation within the triangle as it often precedes significant price movements. Reversal Potential: The bounce from the support line presents an opportunity for a bullish reversal, with the $247 resistance level serving as a target. Stay tuned for potential breakout or breakdown scenarios. The $222 support and $247 resistance levels will likely play pivotal roles in determining the next phase of Bitcoin Cash's price action. Happy trading!
CRYPTO:BCHUSDLong
by Vestinda
4
Bitcoin Cash ($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