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BCHUSD trade ideas

When Will Bitcoin Cash (BCH) Price Reach $300?Bitcoin Cash has been stable at the $180 mark, a significant support level. The 50-day EMA is declining, indicating a potential death cross with the 200-day EMA. A breach of the $228 level (38.20% Fibonacci mark) could set BCH on a path to $300. BCH is currently trading between two key Fibonacci levels: 61.80% and 38.20%. The price has dropped by 39% in the last two and a half months and is currently trading at $190. Technical indicators: RSI shows a sudden increase, avoiding the oversold boundary, while MACD maintains a sideways trend. The Bitcoin ETF approval by the SEC in October could be a significant catalyst for BCH's price. A technical breakout could lead BCH to the $228 level, a 20% increase from the current price, with potential to reach $300. A continued downtrend below the 200-day EMA could lead to a significant drop to $100.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
Will BCH price bounce to $300?Bitcoin Cash finds significant support at $180, priming it for bullish potential. The 50 and 200-day EMAs trend sideways, signaling a potential death cross. A breakthrough at the $228 mark, which aligns with the 38.20% Fibonacci retracement, could drive BCH to a $300 target. Bitcoin Cash experienced a 200% price jump in June but faced a correction thereafter. BCH is currently sandwiched between the 61.80% and 38.20% Fibonacci levels. A potential double bottom pattern is forming, with a base at the $180 mark, indicating a potential bullish reversal. The current BCH price stands at $195, growing by 0.76% intraday. The presence of multiple Doji candles suggests a bullish breakout possibility. RSI demonstrates a bullish divergence, complemented by the double bottom pattern. The MACD and its signal line exhibit a bullish divergence, avoiding a bearish crossover. The 50 and 200-day EMA are moving sideways, hinting at a looming death cross if BCH goes below $180. A breakout past $228 could see BCH aiming for $300. If BCH breaks below the $180 support, it might plummet to $150 or even $100. The two Fibonacci retracement levels will significantly influence BCH's price movement.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
BCH CONTINUATIONIf price closes above 200$ on the current 3 day candle, we can see a continuation towards 22$, but I tend to see only a small bullish continuation to 220 and then a strong bearish push towards 150. Only if price breaks above 230$ on the weekly timeframe, we can see strong bullish continuations towards 320 and 450$. A break below 190 from here already could make price drop towards 150$, but it would be pretty dangerous to trade from that level, as BCH could easily reverse and trade back inside 200-220 area.
BITSTAMP:BCHUSD
by sorel-investments-group
History Repeating Itself? | BCH Predicted to Hit $160Are y'all seeing the same pattern I'm seeing? We are experiencing almost the exact same moments back in 2017!!! FIB: -With the 0.236 placed at the top of the first major rally after the final fall, we see this play as an area of support and a correction at the 0.702 Retracement level BOTH in 2017 and now. - Do you think the 0.236 Level will play as a support? Comment your thoughts down below! Patterns: - I used Elliot waves (12345) (ABC) to try to find a pattern and a correlation to the history of BCH. I'll let you be the one to decide if you see the patterns. - Let me know if you found something better in the comments bellow! MA: - We want to see resistance play out for the next few weeks if we want to see this pattern play out correctly, for this will help the price reach lower. - Do you think were in for another huge fall? Comment below! RSI: - RSI will hopefully show resistance levels at the .60 for accouple weeks
COINBASE:BCHUSDShort
by DenzelitoTrades
BCH target to $400+Yesterday, due to Grayscale winning a case against the Securities and Exchange Commission (SEC), the crypto market witnessed a surge in coin prices. Fundamentally, this was significant news that spurred the bulls into action, causing the price of Bitcoin to reach $28,000. During this time, an interesting pattern was exhibited by Bitcoin Cash. It broke through its resistance at $208 and closed the day at $225. In the prior crypto market downturn, Bitcoin Cash touched its 200 EMA and executed a successful reversal after retesting it. Notably, yesterday, Bitcoin Cash broke out of its Bull Flag pattern. According to the pattern, the anticipated target is around $400-$410. The Relative Strength Index stands above 50, and the Moving Average Convergence Divergence also displays a bullish crossover. Currently, Bitcoin Cash is being traded at $215 and is in the process of retesting the Bullish Flag trendline. An essential support level for Bitcoin Cash lies at $210. The 200 EMA serves as robust support, and it is imperative for Bitcoin Cash to maintain a close above this level. Bitcoin Cash demonstrated its support at the 0.618 FIB level, approximately $182. At present, it is trading above the 0.5 FIB level. Sentiments are decidedly bullish for Bitcoin Cash, yet it remains crucial for the cryptocurrency to uphold its $180 support level.
BINANCE:BCHUSDLong
by LuqmanEjaz
Will Bitcoin Cash Price Cross $250?BCH Bounce: Bitcoin Cash made a significant recovery, bouncing from a crucial support at $180 to cross the $200 psychological barrier. EMA Breakthrough: BCH successfully broke above the 50-day Exponential Moving Average (EMA), indicating a potential bullish trend. Recent Performance: Over the last eight days, BCH has shown a strong 23.60% bounce from its 200-day EMA, suggesting underlying strength. Resistance Ahead: BCH faces a supply challenge at $228, which coincides with the 38.20% Fibonacci retracement level. Bullish Indicators: The daily Relative Strength Index (RSI) has shifted into the bullish territory, while the Moving Average Convergence Divergence (MACD) has signaled a bullish crossover. Potential Upside: If BCH can sustain its momentum and break the $228 resistance, it has the potential to target higher levels at $258 and even $300. External Factors: The upcoming Bitcoin ETF decision could significantly influence BCH's trajectory. A positive decision might further fuel BCH's rally, while a delay could pose challenges. Caption from Detailed Technical Analysis Pointers: 🚀 #BitcoinCash Analysis Deep Dive! 🔍 BCH Bounce: From $180 support, now above $200! 📈 EMA Signal: Broke the 50-day EMA, bullish trend ahead? 🌟 Recent Surge: Strong 23.60% bounce off Will It Cross $250?
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
1
Will BCH Price Cross $200?BCH's Rebound from 200-day EMA: Bitcoin Cash has bounced back from the 200-day EMA, indicating a potential reversal from the bearish trend. Key Resistance at $200: BCH is challenging the $200 resistance level. A successful breach could lead to a price target of $228 or even $258. Historical Performance: After a 200% rally in June, BCH saw a significant correction, dropping below $200. Despite this, its YTD growth stands at 99.18%. Current Trading Price: BCH experienced an 11% bounce from the 200-day EMA but faced resistance at $200, causing a 3.07% drop. It's currently trading at $191.57. RSI Indicator: The daily RSI has moved out of the oversold territory, hinting at potential bullish momentum. External Factors: The upcoming deadline for Blackrock and Grayscale Bitcoin ETF could act as a catalyst for BCH's price movement. Correlation with Bitcoin: BCH's price movement is closely tied to Bitcoin's performance. A potential recovery in Bitcoin could benefit BCH, pushing it towards $228 or $258. Potential Downtrend: If Bitcoin drops below $26K, especially with delays in SEC's Bitcoin ETF approval, BCH could see a decline. A drop below $180 for BCH might lead to a further decline to $150.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
Can 200-day EMA Be the Springboard for Bitcoin Cash?Silver Lining: BCH steadies its price at the 200-day EMA after a significant fall, suggesting a potential solid support and buying zone. Market Resilience: BCH remains stable over the past week, largely unaffected by the broader market sell-off. Key Support Levels: Both the 200-day EMA and the 61.80% Fibonacci level at $180 indicate strong investor confidence in BCH. YTD Gains: BCH boasts an impressive 96% year-to-date gain, outperforming many major altcoins. Decline from Peak: A 42% decline from its 2023 peak raises questions about BCH's future trajectory. Technical Indicators: The daily chart's Stochastic RSI and RSI hint at a potential comeback from oversold conditions. 4H Chart Analysis: A double bottom pattern seems to form around $180, with a $190 neckline, suggesting a bullish trend. Bullish Divergence: The 4H RSI shows a bullish divergence, increasing the likelihood of a positive breakout. Potential Reversal: Technical signs point to BCH preparing for a reversal, possibly surpassing the $200 mark and aiming for $228 (the 38.20% Fibonacci level). Downside Risk: If BCH dips below $175, it could further decline towards $150.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
Bitcoin Cash price gives a bearish breakdown of a falling channe Bitcoin Cash price gives a bearish breakdown of a falling channel, with an intense rise in selling pressure. The breakdown rally approaches the 200-day EMA, with buyers hoping for a reversal. Market-wide FUD crashes altcoins, leading to a 20% drop in BCH price, breaking under the 50-day EMA. At the confluence of the 200-day EMA and the 61.80% Fibonacci level, a lower price rejection shows a resurgence in buying pressure. The downfall from the 50-day EMA to the 200-day EMA increases trading volume, reflecting a boom in the selling spree. BCH coin price forms a Doji above the 61.80% Fibonacci level, projecting a potential reversal opportunity. Technical indicators show a rise in underlying bearish sentiments, with bearish MACD histograms resurfacing. The confluence of the 61.80% Fibonacci level and the 200-day EMA at $175 provides a bounce pad for BCH price. If prices manage a reversal, BCH price can reach $228; a downfall below $175 will crash the price to $150.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
Bullish Flag on Bitcoin Cash: Are We Going to the Moon?I observed a possible trend continuation on BINANCE:BCHUSD.P It broke out of the local resistance level, then it is forming a bullish flag pattern at the top of the trend, this is a possible signal for bullish continuation if BCH is able to break out of the flag channel. Do you think that BCH will continue with the recent uptrend? Share your thoughts with me in the comment box. Don't forget to follow me now for more insightful technical analysis.
BINANCE:BCHUSD.PLong
by CryptoNiche
Bitcoin Cash AccumulationBitcoin Cash Accumulation broke below the zero line in June 2022 and consolidated around there for 6 months. BCH/USD Accumulation broke above the zero line in January 2023 and consolidated around there for 6 months. Now, after 12 long months, BCH/USD Accumulation jumped to the + 1 million Accumulation line over the past few days. Based on this BCH/USD Accumulation my long term price targets are in a wide range from 239 - 619 based on BCH/USD price discovery history angle of trajectory. I think it's likely 239 will act as resistance until it becomes support afterwards.
COINBASE:BCHUSDLong
by Options360
2
BCH looks Strong here Break of the wedge soon Scalp BCH appears to be gaining strength, and a breakout from the wedge pattern might be imminent. 🚀 If you're looking for a short-term opportunity, consider a scalp trade here $BCH! After filling the fair value gap 226$ regained its previous monthly low resistance, which is a notable move. This could potentially indicate a shift in sentiment and strength. 1. NYSE:BCH seems to be forming a falling wedge pattern. Falling wedges are often considered bullish reversal patterns, suggesting that despite the name, they can lead to upward price movements. 2.📊 Detected RSI divergence on the 4-hour (4TF) chart for $BCH! 🚀 This divergence could indicate a significant shift in momentum and potential price movement. 3. 📊 Notable increase in trading volume for $BCH! 🚀 Strong volume often accompanies significant price movements, indicating increased market participation and potential momentum. Stay mindful of your entry and exit points, set stop-loss orders, and allocate only what you can afford to risk. 📊💼 #RiskManagement #LongPosition #SmartTrading #PreservingCapital
CRYPTO:BCHUSDLong
by SatoshiPremium
With Sellers Back In The Ring, Will Bitcoin Cash Cross $300? Falling Channel Pattern: Extensive selling pressure above $300 led to a falling trend, taking support at the 50-day EMA and 23.60% Fibonacci level, dropping to $220. Bullish Flag Pattern: The correction phase is seen as part of a bullish flag pattern, following a 200% jump in late June, signaling a potential uptrend beyond $300. 6.63% Jump on 7th August: This jump, along with bullish confluence at the 23.60% Fibonacci level and 50-day EMA, projected a potential breakout, but higher price rejection prolonged the bear trend. 1.70% Fall and Morning Star Pattern: A fall followed by a couple of Doji formations leads to a morning star pattern, teasing a potential drop to $210. Positive Technical Indicators: Despite the bearish signs, the MACD indicator is preparing for a bullish crossover, and the RSI line shows an uptick, predicting a positive outlook for August. Potential New Bull Cycle: A daily candle closing above the falling channel could signal a new bull cycle, possibly challenging the previous swing high of $307. Risk of Downfall to $200: A continuation of the current downfall could test the bullish dominance at the psychological mark of $200, posing a risk to the upward momentum.
COINBASE:BCHUSD
by Coinpedia-Market-Insight