Bchusdtlong
BCHUSDT In the next BCH fly up.In the coming days, I think the cache will only fly up.
BCH is one of the saddest tools of top coins. In three days, it managed to fall by more than 35% and is now in the accumulation zone, which was drawn back in the spring and summer.
After a strong downward movement, there is a sidewall.
On the 4H chart, the bulls failed to overcome the main resistance.
And globally we continue to move in the ascending channel
Formally, at 30m we see a triangle.
Briefly about the situation, now I'm waiting for growth to the level of support that I indicated on the chart)
I advise you to wait until the triangle is broken
BCH/USD 60min long.
####### BCH/USD Technical Analysis - 240m - July 24 #######
#####################################################
~ Active Trend : BULLISH
~ Background Trend : STRONGLY BULLISH
~ Technical Indicators : 50% Bullish, 11% Bearish, 39% Neutral
~ Weights : RSI and CCI bearish Divergence, $5m market Sell order BTC
~ Targets : 242, 260
--------------------------------------------------------------------------------
Sentimental Analysis
The basic bullish trend is very strong on BITCOIN CASH - BCH/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 232.50 USD. Crossing the first resistance at 242.49 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 260.26 USD as an objective. Crossing it would then enable buyers to target 308.22 USD. Caution, a return to below 232.50 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
BITCOIN CASH - Technical Analysis - 37.4%-518% Profit ExpectedBITCOIN CASH - BCHABCUSD - Technical Analysis - 37.4%-518% Profit Expected
Big Move Coming Up ... 5x Gains Expected.
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :)
In a lower time-frame (4hrs) this long position has also been confirmed.
Target Profit Range - 158 - 448
(37.4%-518% Profit Expected)
TP - 1 - 158
TP - 2 - 211
TP - 3 - 265
TP - 4 - 325
TP - 5 - 385
TP - 6 - 448
Buying Zone! Long Position
Early Entry Trigger Point - $100-$115
Ideal Entry Trigger Point - $65 - $80
Adjust your Stop Loss according to your lot size,
account equity, strategy & money management.
***If you want to get in this trade from this point 214 you can still make 23.83% profit till TP3 is reached, however, there is a very high probability that price may continue to move down towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly.
Good Luck.!
Disclaimer - This is not financial advice. This is my personal view and analysis of this chart.
If you follow this idea please plan your trade according to your lot size and account equity.
Don't forget to like, comment & follow , If you agree with my analysis :)
#BitcoinCash | $BCC $BCC looks Primed & Ready to RUN to $850!#BitcoinCash | $BCC $BCC looks Primed & Ready to RUN to $850! or atleast a double top.
We entered this position too early, w/ a $100k average @ $578.34.
I will be uploading updates on Twitter, so please follow me on there, in addition to on TradingView. The link can be found below: