BCH Sell the downtrend.BCHUSD - Intraday - We look to Sell at 538.4 (stop at 561.1)
Daily signals are bearish.
20 1day EMA is at 525.0.
Trend line resistance is located at 538.0.
Preferred trade is to sell into rallies.
Our outlook is bearish.
Our profit targets will be 481.1 and 471.1
Resistance: 525.0 / 540.0 / 550.0
Support: 510.0 / 500.0 / 490.0
Bchusdt
BCHUSDT Is Going up in the Bullish Channel
Welcome back Traders, Investors, and Community!
Hi Traders, BCHUSDT on H4 has broken above the Bearish channel with 2 large green candles and it has been making HHs and HLs which all indicates the market could go higher. The first TP must be the upper line of the Bullish channel.
⬆️Buy now or Buy at 501.0
⭕️SL @ 420.0
✅TP1 @ 632.0
✅TP2 @ 782.0
✅TP3 @ 1007.0
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Have a Profitable Day
two potential scenarios for BCHUSDT Orange lines indicate a long-term channel in the weekly time frame. Elliott Wave Analysis is also based on weekly timeframes. Two scenarios were proposed based on daily time frame.
The currency is currently struggling with its historic line of support. Two possible scenarios: First: complete the third wave of correction and reach the price of about $ 350. Second: move up to the first resistance at $ 640.
please write your comments.
BCH/USD ($400 Range Strong Support?)💎Technical Analysis Summary💎
BCH/USD
-Bitcoin Cash weekly view is back at the key area of interest
-The 400 dollar range may act as a strong buying oppurtunity for long term
-Our main guide here is the long term trendline from Dec 2018 up to the current date
-I think if BCH can hold the 400 dollar support until the end of this year
-The chance we can expect an upside move increase in the coming 6-12 months
-Take note this is on the weekly time frame, a lot of things may happen
-So you should approach this idea with an investor mindset, not a typical swing trade analysis
-Good luck everyone! happy trading! :)
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BCHUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4 hour time frame. As you can see, the price is approaching its resistance line. We can sell on the ceiling, but if there is a weakness in the process when it reaches the resistance line, and if the price breaks the resistance line and stabilizes above the line, We enter the deal with the above goals. We have identified resistance and support for you.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
Bitcoin Cash - Approaching Pivotal Point - Do Not Miss!BCH is approaching a key area where we will find out if we're still continuing to be bearish or if we'll have some sort of reversal. The key are to focus on is the 450-500 area where we have a recent bottom.
If price action shows bullish pressure, we can find entry reasons such a break of the wedge pattern.
Bitcoin Cash - Approaching Pivotal Point - Do Not Miss!BCH is approaching a key area where we will find out if we're still continuing to be bearish or if we'll have some sort of reversal. The key are to focus on is the 450-500 area where we have a recent bottom.
If price action shows bullish pressure, we can find entry reasons such a break of the wedge pattern.
BCH 200MA Birth - Volatility Implied BCH has incredible potential
And this observation only exacerbates this potential
When the 200MA becomes visible, it allows the 50 and 100 to adjust to the 200's position
On the Bitcoin pair 1.618 is being tested, potential for a reversal
Incredible long term hodl
BCHUSDCOINBASE:BCHUSD is bearish. We are likely near the bottom, however, we need to wait for break to upside out of triangle.
Steps to take:
Buy at blue uptrend support OR break of $648 area resistance line if candle open close above OR multiple buy signals
Sell if candle open close below blue uptrend support
If BCH breaks down further below blue uptrend line you would buy at next support of $436 area