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BCHBTC trade ideas

Bitcoin Cash Breaks Resistance | 20-60% Growth PotentialBitcoin Cash (BCHBTC) has been going sideways since it hit a low point on July 15. Now, it is moving above resistance and has the potential to go higher... Let's take a look at the chart signals together... BCHBTC is now trading above 0.03037 or EMA50, which is the magenta line. A close above this level on the daily time frame can send BCHBTC straight to 0.03348 or EMA100, which is the blue line (this is the target that I am aiming for short-term). Volume is really low yet BCHBTC is already trading above the main resistances EMA10 and EMA50, there is a lot of room available for growth. Strong RSI at 61.21 | Bullish MACD. Bitcoin Cash can easily move higher, if it moves lower, the blue dashed lines are the main support levels. Feel free to leave a comment if you have any questions. Thanks a lot for your support. Namaste.
Long
by MasterAnanda
1
Bitcoin Cash - BTC's fork is on the way to the moon Bitcoin Cash is the winner today among all other top cryptocurrencies. Its rate has soared by 11.38% over the last day. Although the rate of Bitcoin Cash has rocketed over the day, it is not going to go down fast. According to the chart, both lines of MACD are moving upward, suggesting a further price rise. Thus, trading volume is also increasing, which means that buyers are not going to sell BCH in a short-term scenario. Respectively, the price has all chances to get to the resistance at 0.0340 BTC before a correction.
by UToday
BCH/BTC - Monitoring the 1D chart - Resistance galoreBCH/BTC must have been one helluva short. There is so much resistance in this chart that my usual minimalism (4 orange lines) is being tested. I restrained myself. Only 2 meaningful support levels i can make out before 'price discovery' aka 'bleeding out' What a shite project indeed. + It needs to make a higher high to reverse course and the level I'd be looking at is indicated by arrow + BCH may yet have it's day again due to name recognition and marketcap placement + Normies and manipulation are only real driving factors...
by emotionallydetached
Bitcoin Cash - growth in short-term, but decline in long-termEven though Bitcoin Cash is in the red zone, its price drop is not so huge compared to other altcoins. Although the trading volume keeps reducing, the rate of Bitcoin Cash has been going up since mid-July. The rising RSI indicator is moving upward, suggesting growth in a short-term scenario. In this regard, BCH is likely to achieve 0.032 BTC in the first days of August. However, Bitcoin Cash needs higher trading volume to show a price rise in the long-term.
by UToday