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BCHUSD trade ideas

Bitcoin Cash 1W: Long-Term Bullish Scenario (+872% Potential)👋 Hello and welcome traders to another trade idea with SunnyHillCapital ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research. Thank you for reading, Cheers to many pips! 🤝
COINBASE:BCHUSDLong
by SunnyHillCapital
4
BCH Trying to Bounce BackBitcoin Cash is struggling along with the rest of the market, as Bitcoin (BTC) also experienced a sharp drop yesterday. That top crypto coin is on the road to recovery as well but down 7.25% over the last 24 hours. Bitcoin’s trade volume is up 76% in that period, and it is still trading with healthy numbers over $37 billion. Bitcoin Cash is having a tough time making much progress back up to where it was yesterday, which is obviously because the global markets are trending down. The reason for that has been attributed to Russian President Vladimir Putin’s declaration to invade Ukraine yesterday, followed by action today that held good on his promise. The global markets are preparing for a state of war, which means the economy will likely suffer for a while as the conflict is engaged. Excess resources normally poured into investments will instead be moved into wartime efforts. That is the fear at the moment, while many countries are preparing sanctions to level at Russia and hoping that war can be avoided by these mildly confrontational sanctions. Investments like cryptocurrency may be put on the back burner for millions of people around the world as they buckle down in their finances and prepare to live more frugally for what could be a coming wartime period. What this means is that unless there’s a major turnaround for President Putin’s plans, the market will continue to see a downturn. Further news that solidifies global wartime efforts will continue to cause steep declines like what we saw yesterday. For investors, that’s bad news, and it would indicate that it’s best for them to hold off for now on investing in crypto. The Bitcoin Cash price is likely to plummet, as the wider cryptocurrency market should see a bearish trend. There’s no telling how far the prices will go down, but investors should be watching news related to the Ukraine invasion to get some idea of their direction.
COINBASE:BCHUSDLong
by scoopnethame
BCH bears drive price to $266.5 lower low after a downswingBitcoin Cash price analysis is bearish. Price has been reduced up to $266.5. Support for BCH/USD is present at $259. The Bitcoin cash price analysis is firmly bearish for the day as the price has decreased to $266.5 in the last four hours. The bears have regained their momentum in a steady manner and crashed the market spectacularly. The recent bearish drive started back on 16th February, when bears halted the BCH price from going above the $343 level by causing a shift in the trends. The price action has been downwards for the entire last week, and a heavy sell-off has been observed today, which has brought the price down to the 13th December 2020 level, quite an unfavorable situation for the crypto pair.
COINBASE:BCHUSD
by steenbokskait
Bitcoin Cash Long-Term Ascending Channel Since 2018We have a very clear and strong ascending channel for Bitcoin Cash vs the Dollar (BCHUSD)... Join me in reading this chart. The All-Time Low was hit in December 2018 for this Altcoin trading pair. Ever since this low, a new uptrend has developed. We have signals pointing to the end of the current correction which can lead to a new bullish wave ending in a higher high since so far we have a higher low. You can find additional information on the chart. Feel free to support me only if you enjoy the content with your follow, likes and comments. Namaste.
KRAKEN:BCHUSDLong
by AlanSantana
1