#BCHIn time D1, after a three-wave correction and by making a rectangular pattern and exiting the density of the trading range, the next targets indicated in the chart will be available if it stabilizes above $250. Therefore, to continue the upward trend, it must penetrate above $250, otherwise the break will occur from below and will touch the range of $187 to $200.
BCHUSDT trade ideas
BCH: Resistance BreakoutTrade setup : Bullish break above $500 resistance signals continuation of uptrend, with +20% potential upside to $600 next. The $500 level was where price got rejected in early March, hence, that’s a key level. Stop Loss (SL) level at $460.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $400, then $300. The nearest Resistance Zone is $500, which it broke, then $600.
Bitcoin Cash Surges in March, Eyes $750 But Faces ResistanceBitcoin Cash (BCH) has been on a tear this month, rallying from $231 in February to currently trading at $542. This impressive surge of over 130% has positioned BCH at a critical juncture.
The current resistance point for BCH sits at $542 . If bulls can muster the strength to push through this barrier, analysts predict a potential surge towards $750 or even $815.
However, a failure to breach the $542 resistance could trigger a pullback, potentially bringing BCH back down to the $400 support level . This scenario would indicate a short-term correction before another attempt to break through the resistance.
BCH: Bullish PennantTrade setup : Bullish breakout from a Bullish Pennant pattern, in the direction of the existing Uptrend. Price could revisit $500 for +10% upside potential or higher. Stop Loss (SL) level at $415.
Pattern : Bullish Pennant - forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $400 (previous resistance), then $300. The nearest Resistance Zone is $500, then $650.
#BCH/USDT LONG#BCH
We have a strong ascending symmetrical triangle and inside it another ascending triangle that has been positively broken upwards.
Currently the upper boundary of the triangle has been broken.
Expected growth of the pair with correction before completing the ascent
Price Now 248.50
First Goal 278.40
Second Goal 325.90
We have oversold on MACD.
And a strong upward trend
Bitcoin Cash(BCH): Pump & Dump Scenario??Bitcoin Cash has had a nice push recently, which exploded the Bollinger Bands indicator, yet it had a smaller correction as well.
Historically, once we had this kind of movement on Alts, Bollinger Bands had been expanded so heavily that it somewhat cooled the price down step by step, so that's what we are looking for here!
Swallow Team
BCHUSDTHello, dear friends
2024 is definitely an exciting year for crypto. I hope you stay (:
We see one of the attractive currencies. Considering the use of the resistance range of $274, we expect the price to grow up to the specified range.
The price area of $251 and $226.5 are our low risk areas
What do you think?
ETCUSDT.PHello Trader BINANCE:ETCUSDT.P
high resistance 1 bearish confirmation. short area 468 or below that can stoploss 5% because the reward is more than 30%
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Disclamer: Not Financial Advice
BCH buy setupThe price structure is bullish. A resistance range has been strongly broken, but we did not have a pullback on this range.
It is expected that if a pullback is made at this level, the price will jump higher.
I specified the targets on the chart.
Closing a daily candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
BCH trade set upWeekly time frame
After a 90% decline from its ATH, BINANCE:BCHUSDT evolved in a range market for a full year before exploding upward in June with astonishing volumes. There was a very bullish news which amplified the movement.
Daily time frame
Since then, prices are digesting this big movement in a triangle consolidation which could soon be over. We can take advantage of this set up to expose ourselves to an interesting risk reward ratio.
Strategy
Buying on a break of the 260$ resistance line.
Objective 1: Top of the previous movement at 300$ (+15%)
Objective 2: Next resistance, just before the triangle target at 390$ (+50%)
Objective 3: Weekly close ATH at 1430$ (+450%)
Invalidation
Mental Stop: below the last triangle bottom at 220$
If prices retrace to this level we will wait for the daily closing price then set a Stop loss ¼ or Risk below the daily close price.
Risk = Distance between Mental stop and entry point.
BCHUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: market and 160
Target zone: 400 - 500$
Cancellation of setup - consolidation under ~120
risk is justified
Good luck everyone!
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