BCH - EURTarget 570. Monthly looking solid. Breakout on daily, which is typically seen as a continuation pattern. Target is based on the pole length daily flag formation (not shown) and monthly trend line as shown in pic.
BCHEUR trade ideas
BCH/USD just hold besides BTC i'm holding BCH since 2020 especially because of the low fees and the closest relative to BTC - bought much more back in 2023 when it went below 100 USD because of (in my opinion) clearly undervalue - overall extreme profitable so far, i will continue my "just hold" strategy.
i see BCH price much higher at minimum 600 USD up to 1200 USD - in summary definitly long invest!
whats your opinion? looking forward to hear different views!
Self evident.The candles tell it all. It is self-evident, and inescapable. The stampede is going, sleepers back from holiday wil fomo. End of September we'll drop a bit to go like "BOOOH!" and then we'll have an ATH for Christ mas.
Breakout from Falling Wedge hammered into Cup and Handle! The breakout from the Falling Wedge seemed to get hammered down pretty quickly! o.O
But the pattern then took the shape of a cup and handle! ^^
This indicates to me that the bulls are determined to break through, and they're probably going to succeed this time!
Unless of course there's another hammer waiting to knock the break-out back downwards again. If that happens, the next pattern will decide the trend for the rest of the week until weekend!
What will it be? I think the bulls will break free.
But there's no way to be sure, unfortunately!
𝔡𝔢𝔲ℨ𝔦𝔤𝔢
BCHEUR Go LongBuy @ 396.38
Stop Loss @ 352.19
TP 1 @ 416.23
TP 2 @ 440.59
TP 3 @ 455.32
TP 4 @ 465.85
x2, x3 OR x4 really?Arguments:
1. Solid accumulation zone 767 days.
2. Strong dynamic support.
3. Massiv volume is already in.
4. Exciting targets.
I have started picking up the position, it will take some time, no rush!
Stop Loss under the 178 EUR!
Cible à 305eEn utilisant un timeframe de 1h, on remarque qu'une formation épaule tête épaule inversée s'est formée il y a quelques jours. La ligne de coût est sur le point d'être éventuellement brisée. On peut donc avoir un objectif de +40e (distance entre la ligne de coût et le haut de la tête), ce qui nous permettrait de viser les 305e... reste à confirmer si la ligne de coût et la résistance de 270 se brisent.
Bitcoin Cash the hibernating bear - 3x altcoin rally possibleBitcoin Cash has had massive downside after its all-time highs and went deep into the "Bear Zone" down to 65€ but never was able to get over 300€ ever since.
I will take a conservative look and see fully possible a 3x rally given the next altcoin cycle will start here soon.
There are however 4 resistance levels (237€, 300€, 415€, 615€) to break for BCH to reach the 710€ 4x spot.
It will largely depend on if Bitcoin Cash will be able to keep it's Top 10 position by market cap in order to attract enough attention with all the DeFi noise.
Of course an 8.5x could also be possible, but given the weakness of BCH since the last cycle it does not hold such a strong market value proposition then e.g. Ethereum.
Bitcoin Cash Ascending Triangle, Nice Long Opportunity.If we claim €280 then we can take another long (target €315). Also, the Bollinger Bands are starting to get tighter.
Disclaimer: This is not financial advice, Under no circumstances will R0TT3M be held responsible or liable in any way for any damages and losses.
bitcoincash important levelsLooking at some important levels and what to look for in the future
BCH is at the moment pretty low, and right now would be a good moment to buy.
Regarding fundamental news, BCH will soon be again at 400$/+.
