✳️Bitcoin Cash/USDT Analysis (22/1) #BCH $BCHThe selling force in BCH is quite strong and BCH is heading to $400 zone, which is very important as it will determine the next BCH trend.
If BCH lose $400 zone, its uptrend will end and it will fall back to $275 zone in early February.
If the buying force returns and BCH moves sideways around $520 for a while, in February there will be a strong buying force to push BCH to $800.
📈BUY
-Buy: 400-420$. SL if B
-Buy: 340-360$. SL if B
-Buy: 275-290$. SL if B
📉SELL
-Sell: 400-420$ if B. SL if A
-Sell: 340-360$ if B. SL if A
-Sell: 275-290$ if B. SL if A
♻️BACK-UP
-Buy: 500-520$ if A. SL if B
-Sell: 760-800$.SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
BCHUSDTPERP
Bitcoin Cash Price in Symmetrical TriangleBitcoin cash BCH price is moving in triangle you can buy here at the trend line support with stop loss below 7%
Bitcoin cash price also holding 100 EMA support on 2 hour time which is really good sign
Long : 485 below
Stop : 450
Target : 500 , 530 , 580 , 640
BCH/USDTPERP 2H (Binance) Falling wedge about to break-outBitcoin Cash is having a very similar pattern vs USDT, plus the channel support looks like it's holding.
So it could be a good Long opportunity as well, we are operating it in Binance Futures Tournament, set-up:
Buy Entry= 222.96 - 219.76
Take Profit= 229.96 | 239.56 | 254.76
Stop Loss= 212.76
Risk/Reward= 1:1 | 1:2.12 | 1:3.88
Expected Profit= 38.90% | 82.20% | 150.90%
Possible Loss= -38.90%
Margin Leverage= 10x