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BCHBULLUSDT trade ideas

Is BCH going to surge?In the BCH D chart, it can be seen that BCH has been consolidating for over a year. Recent news suggests that BCH spot trading will be available on the US exchange DEX (as the fourth currency, including BTC, ETH, and LTC). This has caused BCH to rise and break out of the consolidation range, reaching a high of 193.15. - There are a few target price levels to watch: 196.30 210.65 222.10 - Looking at the smaller timeframe chart: BCH has the possibility of experiencing a short-term pullback, with support in the range of: 154.55~169.00.
by noah_chen
BCH - Bearish DivergenceDear my friends, BCH has experienced a strong upward movement, driven by a significant FOMO (fear of missing out) effect, pushing the price up to its current level. However, when looking at the price chart, overbought conditions can be observed on both the daily and 4-hour timeframes, prompting me to analyze smaller timeframes. On the 1-hour timeframe, I have noticed two consecutive instances of bearish divergence on the RSI indicator. Despite the decreasing trading volume and a dominant selling pressure, the price continues to rise. Based on these observations, I predict that the price will drop below the $200 range and return to the $130 range. I hope these insights will help new traders avoid succumbing to further FOMO. Thank you!
Short
by DragonCaoB
1
BCH: Rally UnleashedBitcoin Cash (BCH), a prominent member of the cryptocurrency market, has recently attracted significant attention, primarily due to its remarkable price rally. Currently trading at approximately $217.2, BCH has seen a substantial 14% surge over the past 24 hours. This volatility not only demonstrates the dynamic nature of cryptocurrency markets but also underlines the importance of careful analysis and consideration for both investors and traders. This article aims to delve deeper into the technical and fundamental factors contributing to BCH's current market situation and future potential. Technical Analysis: Indicators and Interpretation Starting with the technical analysis, it is essential to highlight the integral role of various indicators. When examining the BCH price chart, we utilize a wide range of tools that assist in understanding the prevailing market conditions and potential future directions. Relative Strength Index (RSI) The RSI, a tool used to measure the speed and change of price movements, currently stands at 64 for BCH. Typically, an RSI above 70 indicates overbought conditions, suggesting a possible price pullback. On the other hand, an RSI below 30 is a sign of oversold conditions, which could lead to a price increase. With BCH's RSI sitting at 64, it teeters towards the overbought territory but still maintains a safe distance. This suggests that there might still be room for upward price movement before a potential correction phase. Moving Average Convergence Divergence (MACD) Next, the MACD, another momentum oscillator, reveals a reading of 6 for BCH. When the MACD is positive, as it currently is for BCH, it suggests that the overall trend is bullish. The fact that the MACD line remains above the signal line further solidifies the bullish market sentiment surrounding BCH at the moment. Volume Oscillator In trading, volume is an often overlooked but crucial factor. The volume oscillator for BCH currently stands at -1%, which implies that the volume is relatively stable. Stability in volume, especially in a bullish trend, can be a positive sign as it shows the trend is not weakening and might sustain. Bollinger Bands Bollinger Bands are used to identify potential buy and sell signals for an asset. For BCH, the upper, middle, and lower Bollinger bands indicate $222.9, $200, and $178.8, respectively. Here, the upper band at $222.9 forms a significant resistance level that BCH touched once on June 24th. On the contrary, the lower band at $178.8 serves as a critical support level, acting as a safety net to prevent further price drops. The price action bouncing between these levels is something traders should observe closely. Fibonacci Levels Looking at different time frames, we notice the Fibonacci levels offering crucial insights. On a 4-hour chart, the zero level of Fibonacci is at $221.9, the half level at $163, and the first level at $104.8. The daily chart shows the 4.236 level of Fibonacci at $236. This divergence in levels across different time frames underscores the importance of multi-time frame analysis in trading. Fundamental Analysis: Recent Developments and Impact On the fundamental front, a primary driver of BCH's recent rally appears to be its listing on EDX Markets. Backed by heavyweights in traditional finance, such as Fidelity Digital Assets, Charles Schwab, and Citadel Securities, EDX Markets is a newly established cryptocurrency exchange that added BCH to its roster of tradeable assets. The listing announcement resulted in an immediate positive impact on BCH’s price. The exchange's broad customer base and its partners' established reputation in the finance sector increased BCH's visibility among potential investors. This, in turn, sparked an increase in trading volume and social media interest, which created a feedback loop that further drove up BCH's value. In essence, the listing announcement served as a catalyst for BCH's recent rally. However, while the price rally is indeed impressive, it's essential to view it in context. Although BCH is experiencing a resurgence, it is still 95% down from its all-time high price reached in December 2017, according to CoinMarketCap data. Moreover, despite being designed to serve as a payment network, BCH's blockchain traffic is significantly overshadowed by Bitcoin's transaction numbers. Future Perspectives: Market Dynamics and Investor Sentiment Looking ahead, a few factors could shape BCH's future trajectory. The first is the broader market trend. With Bitcoin (BTC) and several other major cryptocurrencies showing bullish signs, BCH may continue to ride this wave of market optimism. However, it's essential to stay cautious as cryptocurrencies are notorious for their volatility, and market trends can reverse quickly. Secondly, BCH's adoption for transactions will play a critical role in its long-term performance. As a Bitcoin fork, BCH aimed to improve upon Bitcoin by offering faster and cheaper transactions. While BCH's current transaction numbers don't match Bitcoin's, increased adoption of BCH for transactions could boost its long-term prospects. In conclusion, BCH's recent surge, sparked by its listing on EDX Markets and amplified by rising social media interest, paints an optimistic picture for the coin. However, BCH's long-term performance will hinge on a combination of factors, including broader market trends, its transaction adoption rate, and evolving investor sentiment. As such, while current indicators suggest a potential continued upward trajectory, investors should still employ robust risk management strategies. The crypto market's highly volatile nature means prices can change rapidly, and past performance is not indicative of future results.
Long
by ShawnMCR
17
BCHUSDT Golden CrossThe BCHUSDT pair has recently formed a golden cross, which is a bullish technical pattern that occurs when the 50 EMA crosses above the 200 EMA. This pattern is often seen as a sign that the market is transitioning from a downtrend to an uptrend. The golden cross in BCHUSDT occurred at the end of an inverse head and shoulder pattern, which is another bullish pattern. The neckline of the inverse head and shoulder pattern is also acting as a support level, which suggests that the price is likely to continue to rise. Price had a recent death cross that dropped the price over 80% at the beginning of December 2021. This was followed by a large spike in volume, which is often seen as a sign of a trend reversal. The inverse head and shoulder pattern took a little over a year to form, which suggests that it is a well-defined pattern. The main risk is that the price could break below the neckline of the inverse head and shoulder pattern. This would invalidate the golden cross, and it could signal a resumption of the downtrend. Overall, the BCHUSDT pair is looking bullish, and the golden cross pattern is a positive sign. I hope this is helpful! I wish you the best of luck in your trading.
Long
by Crypto_Castle23
BCH - short In the analysis from April, I provided hints for BCH with that pullback followed by the red labels. You can find that particular analysis, BCH LONG, at the following link: At $200-220, BCH will encounter a very important level. I'm betting that this impressive rally in recent days has revolved around BCHBULL. The rally will come to an end as soon as BTC starts distributing at this $32,000 level. The last candle for BCH created an imbalance. The target I see is the range of $128-132. That's where this short position will be closed, and we will return to the first analysis mentioned in April.
Short
by CriptoPedia
BCH Bitcoin Cash and the Wall Street-backed EDX Exchange Launch If you haven`t sold BCH here: Then you should know that the recent launch of the Wall Street-backed cryptocurrency exchange, EDX Markets, is a significant development that signals growing acceptance and adoption of digital assets within the traditional financial industry. This event brings a bullish sentiment to the crypto market, indicating increased confidence from institutional investors. EDX Markets is specifically designed to facilitate safe and compliant trading of digital assets, offering clients distinctive benefits such as competitive quotes, liquidity, and a non-custodial model. By prioritizing best practices and establishing trusted intermediaries, EDX aims to alleviate conflicts of interest and provide a secure trading environment. The initial assets available for trading on EDX are the largest cryptocurrencies by market capitalization, including Bitcoin (BTC) and Ethereum (ETH), as well as Litecoin (LTC) and Bitcoin Cash (BCH). This selection showcases the platform's focus on the most established and widely recognized digital currencies, instilling confidence in investors. The entry of prominent financial players such as Schwab, Fidelity, and WisdomTree into the cryptocurrency space further strengthens the bullish case. WisdomTree Investments' recent application for a Bitcoin exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC) reflects the growing market interest in this investment vehicle. With BlackRock's filing also fueling the discussion around Bitcoin ETFs, it is evident that established firms recognize the potential of cryptocurrencies as a legitimate asset class. In this context, my short-term price target for BCH is $147. However, I maintain a bearish outlook for the overall year due to the ongoing Binance investigation and the lawsuit filed by the SEC. Looking forward to read your opinion about it.
Long
by TopgOptions
✴️ Early Bird Gets The Worm | Bitcoin CashI like about Bitcoin Cash (BCHUSDT) that the transactions are really fast... There are basically no fees; really low. Early bird gets the worm. This is an early call/signal... But it won't be early once everything takes off. Today we see BCHUSDT moving above EMA10 after a very long consolidation phase since July. We also have a giant falling wedge pattern... With almost 6 months of sideways action... The next wave will be strong whenever it really happens. If the time is now, early is better... Early gives low risk (tight stop-loss) with high potential for rewards (higher targets). Additional details on the chart (targets and support). Do your own research. Namaste.
Long
by MasterAnanda
9
Dont open a long position on BCHhello guys if you didnt open a long position on BCHUSDT, do not open any position here. as you can see we have resistance area here and this area must to break out and after pullback you can open a safe position. The information provided on this Page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. this page does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisio
Long
by expay24
Bitcoin Cash Bullish Analysis Toward $800 PotentialBitcoin Cash (BCH) Chart Analysis: Exploring the Potential Bullish and Bearish Scenarios Bitcoin Cash (BCH), currently trading at $129, has experienced a notable 40% increase in value over the past week. However, it is important to note that BCH remains down by 92% from its all-time high. In this chart analysis, we will explore the current market situation for BCH and examine both the bullish and bearish scenarios that could unfold in the near future. Bullish Scenario: Should BCH manage to break out above the $150 resistance level, it could potentially enter a bullish zone. This breakout may open the doors for further price appreciation, with potential targets at $400 and $800 during the next bull market cycle. It is crucial to monitor the price action around the $150 level as a breakout could signal renewed buying pressure and a shift in market sentiment. Bearish Scenario: If BCH is rejected from the strong resistance level at $150, it might face downside pressure. In such a scenario, the price could potentially drop to a range of $80 to $90, creating an attractive accumulation zone for investors. Traders and investors should exercise caution and closely observe how the price reacts to this resistance level, as a rejection could result in further downward pressure. Key Levels and Considerations: Support Levels: In the event of a bearish scenario, the key support levels to watch are $90 and $70. These levels could potentially act as significant areas of demand, attracting buyers and providing a foundation for a potential price reversal or consolidation. Resistance Levels: On the upside, if BCH breaks above the $150 level, it could encounter resistance at $400 and $800. These levels may present challenges for further upward movement, as they have historically influenced price action and investor sentiment.
Long
by CryptoPatel
1
BCH follows BTCHi guys, let's review the current situation on Bitcoin Cash. Bitcoin Cash managed to surprise a lot. After big drop in price it's not only managed to recover its losses but also hit very important resistance area. If Bitcoin Cash somehow manage to break it then next stop will be at 200 which is huge gain in price. But, as usual, you have to look at Bitcoin first. If BTC continues its rally then BCH will definitely follow it. Overall Bitcoin Cash currently at very good spot for short but I would wait for price reaching at least 145 to enter market. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
by Real_CryptoRoy
3
BCH/USDT - Bitcoin Cash: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $BCH / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 135.6 | 146.6 | 164.6, and the major support zones can be found at 117.6 | 110.6 | 92.6. Consider entering a trade at the current price zone of 123.9 and targeting higher levels. ◰◲ General info : ▣ Name: Bitcoin Cash ▣ Rank: 29 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex ▣ Category/Sector: Payments - Currencies ▣ Overview: Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash system". It views cheap peer to peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal. Bitcoin Cash believes that starting as a medium of exchange is the superior route to becoming money in opposition to Bitcoin's strategy of first optimizing for securely storing value. ◰◲ Technical Metrics : ▣ Mrkt Price: 123.9 ₮ ▣ 24HVol: 7,823,626.201 ₮ ▣ 24H Chng: 2.993% ▣ 7-Days Chng: -1.69% ▣ 1-Month Chng: -8.22% ▣ 3-Months Chng: 26.08% ◲◰ Pivot Points - Levels : ◥ Resistance: 135.6 | 146.6 | 164.6 ◢ Support: 117.6 | 110.6 | 92.6 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -1.46 ▣ Last 90D: 1.43 ▣ Last 1-Y: -0.97 ▣ Last 3-Y: 0.33 ◲◰ Volatility : ▣ Last 30D: 0.67 ▣ Last 90D: 0.59 ▣ Last 1-Y: 0.82 ▣ Last 3-Y: 1.02 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.56 - Bullish ▣ Reddit sentiment score is 0.68 - Bullish ▣ In-depth BCHUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
1
#BCHUSDT Insights into the Market Dynamics💎 #BitcoinCash is currently retesting the previous demand area, which has now transformed into a supply zone. This area can determine the course of action for the market. Will we witness a swift continuation of the prevailing downtrend, or is it a time of uncertainty for sellers? Let's delve into the analysis to determine the most probable outcome. 💎 First and foremost, it's crucial to note that #BCHUSDT has broken below the downtrend trendline and the 200-day Simple Moving Average (SMA) on the daily chart. This bearish price action suggests that bears maintain control and strengthens the case for a continuation of the established downtrend. 💎 At present, #BCH is trading near a resistance level, enticing potential sellers. However, it's important to consider the possibility of a price spike to the upside, or what is often referred to as a "stop-loss hunting" event. Such market dynamics can introduce temporary volatility and test the resolve of bearish sentiment. 💎 Nevertheless, as long as #BCH remains below the critical resistance level, the probability remains tilted in favor of the bears. In this scenario, there is a potential 30% price decline, with #BitcoinCash targeting the 127.2% Fibonacci support level. 💎 It is imperative to closely monitor the price action, particularly for a decisive break and close above the critical resistance area. Such a development would serve as a strong signal that the trend is shifting, potentially opening up opportunities for a bullish reversal. Rest assured, the MCP team will promptly inform Paradisers of any significant trend changes. Stay tuned for updates and valuable insights.
Short
by MyCryptoParadise