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BCH Perpetual Futures Contract

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BCHUSD.P trade ideas

+320% 900 is likely if it breaks 312, 410 resistence.Final:2180We are currently experiencing a potential third wave! The current market capitalization is around $2 billion, with an all-time high (ATH) of $24 billion. Therefore, there is plenty of room for growth. The monthly Exponential Moving Average (EMA) is currently supporting the price, and it is within a very thin channel that is likely to break upwards to form a wave 5. The price is currently in an ascending channel, which could result in an upward breakout or even a fakeout within a month to reach the final target. Possible rejection might occur at the 900 zones due to two strong resistances. The first is the all-time descending top resistance, which it has never broken, and the second is the previous bull market ascending channel's bottom support. Breaking this might require a decent correction or pullback, lasting at least a month. For the short term, if 312 breaks, then 410, which is the average/middle resistence of the decending channel and finally 900 would be a good area to close the position, to wait for the pullback. This crypto market is currently driven by institutional investors. If they invest and the market capitalization reaches a new ATH, it could potentially increase by 12 times, reaching $2,900, which is slightly above the target of the wave 3 on a bigger scale. On a macro scale, if 900 is the target for wave 5 and a pullback occurs, it should not go below 312 to maintain the Elliott Wave 2. This sets the stage for aiming higher in wave 3 with a macro-scale target of 2,180. From there, in the following months or even years, we can aim for a massive wave 5, potentially reaching 13,370. However, for now, in the coming months, the most likely targets are 900 and then 2,180. As per patterns, cup and handle pattern confirmation, if it breaks the resistance of 312 which have the short term target of 550..
COINBASE:BCHUSDLong
by ishanwalia
BCH Price Analysis: Breakout Rally Eyes $350 MarkChart Pattern: Bitcoin Cash displays a bullish breakout of an ascending triangle pattern in the daily chart. Current Stand: BCH price successfully maintains above $260, heading towards the crucial $300 level. Breakout Potential: A sustained move above $300 could escalate the price rally towards $350. Market Catalyst: Boosted by the Bitcoin Spot ETF approvals and Bitcoin's approach to $50K. Trading Volume Surge: A significant 117% spike in trading volume backs the current price surge. Technical Indicators: MACD: Exhibits a bullish crossover, indicating a potential trend reversal. RSI: Approaching the overbought zone, signifying growing bullish momentum. Price Momentum: BCH currently trades around $293, with recent jumps suggesting an ongoing bullish trend. Market Sentiment: Strong bullish sentiment fueled by ETF approvals and Bitcoin's positive price action. Key Resistances: The $300 mark stands as a pivotal resistance; breaking this could lead to a further climb. External Factors: Bitcoin Halving and potential rate cuts in 2024 could further catalyze BCH's price growth. Potential Growth: With bullish market dynamics, BCH aims for a significant upside towards the $350 level.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
Bitcoin Cash Is Still In A RangeFrom around the beginning of October 2023, EASYMARKETS:BCHUSD is seen trading within a range, roughly between the 210 and 270 levels. Despite the recent strong fluctuations in EASYMARKETS:BTCUSD , the rate of Bitcoin Cash stayed on the moderate side and within the given range. While the crypto moves inside that pattern, we will remain neutral. However, if the rate exists the range through one of its sides, that’s when we will consider the next short-term directional move. A break through the lower side of the range could attract even more sellers, indicating a possible change in the direction of the current trend, potentially opening the door towards lower areas. We may then aim for the 180 hurdle, marked by the lowest point of September 2023. If that hurdle is not able to withstand the pressure from the bears, its break may send EASYMARKETS:BCHUSD to the lowest point of August 2023, at 161. On the upside, a push through the upper side of the range may invite more bulls into the field, increasing the crypto’s chances off drifting further north. That’s when EASYMARKETS:BCHUSD could end up traveling somewhere closer to the 329 level, which is marked by the highest point of 2023. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:BCHUSD
by easyMarkets
BCH Ready To Drive Beyond $300!Recent Performance: Bitcoin Cash (BCH) exhibits strong bullish momentum, with a notable 10% surge challenging the $280 resistance. Critical Levels: Breaking past the 78.60% Fibonacci retracement level, BCH shows potential for further gains. Upside Potential: Surpassing $300 could trigger an uptrend towards the $350 mark, showcasing significant bullish potential. Market Dynamics: Despite Bitcoin's mixed performance, BCH carves its path, underpinned by positive market sentiment and increased buying activity. Technical Analysis: Triangle Breakout: BCH's bullish breakout from a symmetrical triangle pattern in the daily chart indicates strong momentum. Post-Retest Reversal: A successful post-retest reversal after crossing $250 adds to the bullish narrative. Resistance Challenge: Current resistance at the ascending trendline and the 78.60% Fibonacci level near $280. Current Trading Price: BCH is trading at $278, showing a significant 9.59% increase within a day, forming a bullish engulfing candle. Technical Indicators: EMA: The 50-day and 200-day EMAs exhibit a positive trend, reinforcing the bullish outlook. RSI: The Relative Strength Index (RSI) is in the overbought zone, indicating strong buying momentum. BCH's Relation to Bitcoin: Potential approval of a Bitcoin Spot ETF could positively impact BCH, given its close correlation with Bitcoin. Downside Risks: While the outlook is bullish, a trend reversal could see BCH retreating to lower support levels, possibly around $260. Conclusion: BCH's current trajectory, coupled with broader market sentiments, positions it for potential gains, aiming for $350 in the near future. Caption for Promoting BCH Price
BINANCE:BCHUSD
by Coinpedia-Market-Insight
Bullish Trajectory in BCH Price Targets $350Recent Surge: BCH price mirrors Bitcoin's uptick, successfully breaching the $260 barrier, signaling a robust overnight rally. Bullish Forecast: The price trajectory of Bitcoin Cash is poised for a significant rally, potentially surpassing the $300 mark. Fibonacci Levels Indicate Upswing: If BCH maintains its breakout momentum above $260, it could ascend towards the $350 level, aligning with Fibonacci retracement levels. Yearly Performance: Outshining Bitcoin's 161% YTD rise, Bitcoin Cash boasts a commendable 185% increase this year, fueling positive market sentiments. Technical Breakout: BCH's jump by 15% signals a triangle breakout, indicating a strong bullish phase. The asset has already crossed the 38.20% Fibonacci retracement level, suggesting more room for growth. Current Trading Scenario: BCH is trading at $274.01, with an intraday gain of 3.90%, extending its impressive overnight rally. Technical Indicators: DMI Indicator: Showcases a bullish crossover, implying an increasing trend momentum. Bollinger Bands: Expansion of the upper band indicates an emerging bullish phase. Potential ETF Impact: Market excitement around a potential Bitcoin Spot ETF is likely to benefit BCH, given its close relationship with Bitcoin. Resistance & Support Levels: BCH aims to break past $300, targeting $350. However, a trend reversal could see it retesting the $250 support level.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
Bitcoin Cash Bitcoin Cash price rallied over 10% and broke the $245 resistance. BCH is now facing strong resistance near the $255 zone. Bitcoin cash price started a fresh surge above the $232 resistance. The price is trading above $245 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $225 on the 4-hour chart of the BCH/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $255 resistance zone. Bitcoin Cash Price Rallies Above $250 After forming a base above the $220 level, Bitcoin Cash price started a steady increase. It broke the $225 resistance to enter a positive zone, like Bitcoin and Ethereum. There was a break above a key bearish trend line with resistance near $225 on the 4-hour chart of the BCH/USD pair. There was a strong increase above the $232 and $245 resistance levels. The price is up over 10% and it is now testing the $255 resistance. BCH is now showing positive signs above $245 and the 100 simple moving average (4 hours). It is also above the 23.6% Fib retracement level of the upward move from the $219 swing low to the $255 high.
OANDA:BCHUSD
by hennisii
1
Can BCH Price Cross $250 For A Spike to $300? Influence of Bitcoin's Rally: BCH (Bitcoin Cash) price is positively influenced by Bitcoin surpassing the $40K mark. Potential Breakout Beyond $250: There's potential for a breakout rally in BCH price beyond $250. Target of $300 by End of 2023: If BCH exceeds $250, it could potentially reach $300 before the year's end. Buyer's Interest in Markets: The altcoin market, including BCH, is gaining momentum due to increased buyer interest. Symmetrical Triangle Breakout: BCH is showing signs of a symmetrical triangle breakout in the daily chart. Year-to-Date Growth of 156%: BCH has experienced substantial growth this year, contributing to its bullish outlook. Current Trading Price: BCH is trading at $249.19, following a 12.32% jump with an intraday growth of 8.27%. Psychological Barrier at $250: The $250 mark is a crucial psychological barrier for BCH's price trend. Technical Indicators - RSI and MACD: The RSI is in the overbought territory, and a bullish crossover in the MACD indicates a potential trend reversal. Impact of Bitcoin Spot ETF Approval: The potential approval of a Bitcoin Spot ETF could further boost BCH’s price. Downside Risk to $200: A reversal in BCH's price could lead to a drop to around $200.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
BCHUSDT Forms Prominent Triangle on Daily ChartCurrently Bitcoin Cash KRAKEN:BCHUSDT market is undergoing consolidation near the crucial support line of the triangle, setting the stage for potential movement in the coming days. 💜 If you appreciate our charts, support us with boost button 💜 Technical Insights: Pattern Formation: The development of a large triangle formation suggests a period of indecision and potential market coiling. Support Consolidation: The present consolidation near the support line within the triangle signifies a critical juncture for market participants. Anticipated Rebound: The upcoming days could unveil a noteworthy rebound to the upside, fueled by the dynamics of the triangle pattern. Key Levels Within the Triangle: Support Zone: The support line within the triangle is prominently situated at $222, acting as a crucial level for market stability. Resistance Zone: Positioned at $247, the resistance within the triangle marks a pivotal barrier that the market must contend with. Strategic Considerations: Observing the Triangle: Keep a vigilant eye on the ongoing consolidation within the triangle as it often precedes significant price movements. Reversal Potential: The bounce from the support line presents an opportunity for a bullish reversal, with the $247 resistance level serving as a target. Stay tuned for potential breakout or breakdown scenarios. The $222 support and $247 resistance levels will likely play pivotal roles in determining the next phase of Bitcoin Cash's price action. Happy trading!
CRYPTO:BCHUSDLong
by Vestinda
4
Bitcoin Cash ($BCH) Next Growth Challenge Bitcoin Cash (BCH) The performance of Bitcoin Cash (BCH) has been somewhat restrained since Bitcoin's rise began in mid-October. The asset only grew by about 25% over the month, but this growth has already been negated. Currently, BCH is on a downward trend, trading within the support zone of $206-$215. This is the same range from which BCH started its upward journey on October 16. If Bitcoin continues its correction, BCH might set new local lows. The first target for sellers would be the psychological level of $200. For BCH to start an upward movement, buyers need to show strength and break through the resistance zone between $235-$245 with significant trading volume. The next challenges for growth would be at the $250 level and then within the seller's range of $258-$270. Overall, in its current state, BCH doesn't seem to be an attractive option for spot buying, so it might be prudent to avoid long positions for now.
BINANCE:BCHUSD.P
by DEXWireNews