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BCHBULLUSDT trade ideas

BCHUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. Here is the S1 support line which the price has hit several times and was supported. Now also it is ranging close to it. You can set the Buy order at the S1 line and keep the Stop Loss. If it falls below the S1 line, then there would be more falling. You can sell half of your assets at the R1 line and the other half at the R2 line. If it breaks the R2 line then it can see higher prices. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
2
BCHUSDT Market AnalysisFrom the 4-hour timeframe chart, It is trying to form a higher low, and the price stand firmly here, we are still under an uptrend. In the 1-hour chart, the price just broke a triangle and now is heading down. Either way, the next key support is around 375. Blitz Bull: Since there's a oversell plus price started to bounce back, the best scenario is a push-up could be happening soon. Blitz Bear: Still we cannot deny that after the brokedown of the triangle, the big bearish candle shows clearly the lack of confidence of the market, The shooting star also bears it out.
by Blitz_analysis
Ichimoku: BCHUSDT Fall below the back test trend lineIchimoku: BCHUSDT Fall below the back test trend line If you refer to my strategy, please control the possible loss of a single transaction at 1-2%! No matter how accurate, trading is a multi-party game many times a day! If you have a big position, there will always be a wave of wrong market burying your account The following link has my trading behavior report, which is convenient to understand the profitability and stability of the strategy
Short
by ichimoku163
BCHUSDT Market AnalysisBlitz Bear: We've been in a long time downtrend and now the price is under the pressure of EMA 50. According to the volume it is unlikely that the price will go up and breakthrough to the upside now. When this pullback is over, The market might have another panic sale which causes a long consolidation. Blitz Bull: The support level still matters, If the price holds above there(344), then eventually a bigger pullback will be materialized. Next resistance: 450.
by Blitz_analysis
One day analysis of BCHUSDTBlitz bear: After a free fall we can spot a descending flag, this also shows a sorting area that is still under downtrend. Even though the price had been above EMA 20 for a while, but the bull just can push up more thus the candles keep attaching EMA 20, a very weak signal. Our potential target would be 361. Blitz bull: There's no surprise that price would encounter resistance in this area. If we look back we will find that the area we are in now was a high-value area since Nov 2020. As long as the price didn't break out to the downside of this area, we are under a long-term consolidation in one week's chart. In other words, most people would think this is unconquerable support and it's the time to buy at the dip.
by Blitz_analysis
One day analysis of BCHUSDTBearish view: Since the price now is under EMA 50, we are expecting a long-term bear market. The next support level is roughly 380~390. It will need some time to conquer, therefore, a consolidation is likely to happen for a few days. Bullish view: The price has broken a major support area, it would certainly increase the passive emotion and cause some panic. It's more likely conducted by US traders. Now the hope is a pullback. Resistance range: 414-420.
by Blitz_analysis
Some thought of BCHUSDTNow the situation is not really positive towards us. Yesterday I drew 3 boxes and they all broke straightforwardly. On 4 hours chart, the price is heading to the next big support level (yellow dashed line). I think that's the next target. Wait until the opportunities come to that area then look for a long trade. While if it broke, look for the short trades. On the contrary, another possibility is the bulls don't even allow the price to touch their holy land, so eventually, they'll create a pushup, and the next resistance level is the dashed blue line on the chart.
by Blitz_analysis