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BCHUSDT trade ideas

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.
by Z4F4R
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 $650.
Long
by altFINS
BCH buy setupThe price structure is bullish. A resistance range has been strongly broken, but we did not have a pullback on this range. It is expected that if a pullback is made at this level, the price will jump higher. I specified the targets on the chart. Closing a daily candle below the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
Long
by iMoneyTeam
BCH trade set upWeekly time frame After a 90% decline from its ATH, BINANCE:BCHUSDT evolved in a range market for a full year before exploding upward in June with astonishing volumes. There was a very bullish news which amplified the movement. Daily time frame Since then, prices are digesting this big movement in a triangle consolidation which could soon be over. We can take advantage of this set up to expose ourselves to an interesting risk reward ratio. Strategy Buying on a break of the 260$ 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.
Long
by pollux3000
BCHUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and 160 Target zone: 400 - 500$ Cancellation of setup - consolidation under ~120 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
1
✴️ Bitcoin Cash To $4,300 But... Let's Start From The Beginning!I swear to Jesus that I totally forgot about Bitcoin Cash in the past few months... No, I didn't. It's been 245 days since the June 2023 price peak; and just like that, we are up to the next target in a matter of days. Let's go straight to the point. Current action is wave three and this wave is aiming at $875 or $1,052 as its peak. Then a retrace, wave four, and then the bull-market bull-run pushing prices toward $2,613 and most likely $4,174. Now, this would be based on the Elliot Wave bullish impulse sequence of five-up, yes this system is great but it is 100 years old. The earth doesn't vibrate as it did a century ago, instead of five waves we can see eight waves. I just want to say that my belief is that the All-Time High won't be $2,613 but rather $4,150+. I am thinking around $4,300 but that is only a rough estimate. I will have more information as the bull-market develop, we still have an entire year to wait before the bull-run. Pairs like Bitcoin Cash will move first, peak first, end first; why? Because it moved first. Knowing this, how will you maximize profits? I can you feel you rich. Great job. We will revisit this and other trade ideas in late 2024. I promise you, the results will be positive. Thanks a lot for your support. Namaste.
Long
by MasterAnanda
2
#BCHUSDT (Watchlist) 2-2024#BCHUSDT Category: Cryptocurrency What it does: Aims to be a peer-to-peer electronic cash system for fast and micro-fee payments. Current Price: ~$241 USD (as of February 9, 2024) Market Cap: ~$4.5 billion Key Features: Larger block size compared to Bitcoin, allowing for more transactions per second. Faster transaction confirmation times. Lower transaction fees. Decentralized and permissionless network. Recent News: Ongoing debate about the future direction of the BCH network. Development of new features and improvements to the BCH protocol. Growing adoption by merchants and businesses. Add to your watchlist When we suggest adding a coin to your watchlist, it means it's forming a pattern or approaching a historical bottom, near or above a good support level, displaying increased trading volume, showing a reversal candle, in an accumulation stage, etc. However, we haven't seen any bullish reaction yet, so we recommend adding it to your watchlist until the right time for entry. Note: This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management. Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing. Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
Long
by HamadaMark