BCHUSDT - Long Term Bullish OutlookBINANCE:BCHUSDT has been in a bullish weekly trend. Currently price is finding support 0.786 Fib level after a bullish rally. I am expecting the bullish trend to continue and will buy at current market price. Out stop loss will be kept below the weekly swing low in this bullish trend!
BCHBULLUSDT trade ideas
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BCH Technical Analysis in a Daily TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
BCH has broken above the symmetrical triangle pattern and is currently retesting. With the current price at $402, it is likely to see a further retest down to $346.
A rebound is likely to follow right after the retest. Once a rebound is confirmed, BCH is likely to rally up to $720 (110%) from the lower support.
Key levels:
- Primary Support/Entry 1: $346
- Lower Support/Entry 2: $292
- Target: 50%-100%.
- Invalidation: A close below support 2 price level.
DYOR, NFA
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BCH → U-Turn and a bullish mood ↑BINANCE:BCHUSDT is trading within the boundaries of the uptrend. Potential is not exhausted. The market is forming a correction to the liquidity zone before a further bullrun to ATH
Bulls are trying to hold the defense above the key support area, which divides the market into two planes. Fundamentally, the situation should be assessed relative to BTC and ETH. In general, everything is quite positive.
Technically, on D1 we should pay attention to the support at 407 - 380. If the bulls hold this area and form consolidation of the price above 407-410, this fact may determine the medium-term potential for the market. A reversal pattern is forming against the lower trend boundary, indicating a bullish market sentiment. The market potential is 460 - 530.
Resistance levels: 420, 460
Support levels: 407, 380, 351
The market is bullish and it is necessary to look for strong support zones to forge long positions. The focus is also on the resistance 460. A breakout and consolidation above this zone will be the reason for further consolidation to the upper boundary of the trend
Rate, share your opinion and questions, let's discuss what's going on with ★BCHUSDT ;)
Regards R. Linda!
LONGS TO RESUME SHORTLY.bchusd is currently i a downward channel towards 420, once the resistance to that channel is broken, we should see price rise to 500. bear it in mind the news event at the end of the week may have some impact on this pair. trade responsibly and with proper risk management. always remember; 'THE MARKET WILL ALWAYS BE HERE' don't fomo.
BCH/USDT IDEA BCH/USDT has experienced a double breakout, surpassing both the trendline resistance and an inverse head and shoulders pattern with a significant breakout candle. Anticipating a strong bullish movement ahead, I am eager to observe its potential upswing. Remember, this is not financial advice; please conduct your research (DYOR).
Bitcoin Cash BCH price now at the stage of correctionWe described in detail about such a project as Bitcoin Cash and our global vision of the CRYPTOCAP:BCH price movement in our previous idea, almost 2 years ago)
Since then, the #BCHUSDT price has made a modest x9
Looking at the #BCHUSD chart now, it seems that 5 waves of growth have already passed, and now the A-B-C correction process is underway.
Do we want to buy BCH in our investment portfolio - no
But if we were told: here's your money, but only to buy BCH, then the limit buy order would be placed at a price not higher than $320
Interested in what will happen next? Like and write your own version of the events
Breakout Alert: #BCHUSDT Poised for Major Bullish RallyYello, Paradisers! 🚀 Are you ready to catch the next big move in #BCHUSDT? We have been monitoring #BCH for a while and now is the best time to pay attention:
💎#BCHUSDT has broken free from its longstanding descending channel, signaling a potential upward trajectory. After navigating this channel for a considerable period, #BitcoinCash has successfully breached it.
💎50EMA and increasing trading volume is reinforcing this bullish momentum. The key resistance level at $403 has now turned into a crucial support. This support level is pivotal as it has been respected multiple times in the past. If #BCH maintains its momentum above $400, there's a high probability of a sharp upward move.
💎However, if the price descends below the $400 support level, the scenario changes. In this case, the probability leans towards a bullish rebound from the lower, formidable support at $346.
💎If this support also fails to provide the necessary push to the NYSE:BCH , there's a high probability of a rebound from the support at $310.
💎While some inexperienced traders might be tempted to short at this point, it's essential to maintain a broader perspective and wait for proper price action. A break below the $310 support will likely trigger a significant downward move, causing the price to drop further.
Don't get caught in the noise; focus on the bigger picture and make informed decisions.
MyCryptoParadise
iFeel the success🌴