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BCHUSDT trade ideas

BCH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin cash (BCH) rose by as much as 5% to start the week, despite the wider market mostly trading lower. BCH/USD jumped to a peak of 242.29 earlier in today’s session, following an earlier low of 219.27. The move came after BCH briefly broke out of a support point at 220.00, with traders swooping in to buy the dip. Another catalyst to the surge appears to be the 14-day relative strength index (RSI) moving past a ceiling of 48.00. Currently, price strength is tracking at 49.48, which is marginally below the next point of resistance at 50.00. In the event this level is breached, there is a strong possibility that BCH could move towards 260.00. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
2
Bitcoin Cash is trading in a narrow price rangeHi guys, let's review the current situation on Bitcoin Cash. Bitcoin Cash is traiding in a narrow price range between 260 and 235. It seems that it's found local support at 235 and from there it's trying to test 265 resistance but so far it didn't go higher 260 price. I don't think that BCH price will go significantly higher than 265 resistance area. Overall I'm bearish on Bitcoin Cash and still waiting its reaching 200 support level but it can take some time. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
Short
by Real_CryptoRoy
2
BCHUSDT short term analaysisBCHUSDT looks like it's ready to go higher . The price is trying to break the resistance. Once it break successfully 253 $ resistance , it should go much higher. How to trade it? Buy a successful breakout with a volume increase on 4h timeframe or wait for a backtest of the resistance in order to confirm it as a support. MACD looks bullish which confirms our bullish bias. Take profit: 290 $ target: 313$ Once the long position is taken, place a stop loss at 245 $ Good luck
Long
by vf_investment
5
Bitcoin Cash in declineHi guys, let's review the current situation on Bitcoin Cash. Bitcoin Cash is in strong downtrend and isn't showing any signs of life. In my previous post about Bitcoin Cash I wrote that it is likely that price will go to 200 level. So far it goes slowly but surely. Even recent Ripple win in court against SEC didn't help BCH to climb to 300 and stay above. There is definitely no buyers in Bitcoin Cash and price will slowly drop to 200 and maybe even lower. If this post is useful to you, you can support me with like/boost and leave comments below. Many thanks.
Short
by Real_CryptoRoy
5
Brief Analysis ——BCHLTC is expected to be halved on Aug.2. The block reward will change from 12.5 LTC to 6.25 LTC. The halving of token does not necessarily bring the rising, but for tokens, the halving is a deflation way for tokens. This model makes sense. It is different from the inflation way for traditional currencies. Today we bring a brief analysis of LTC, DASH and BCH. It should be noted that the halving of LTC and BCH is coming soon, and the halving of DASH has already happened. BCH has been fluctuating for nearly a year since July 2022. On June 21, 2023, the bulls was significantly strengthened. The price rose and it approached the upper rail of the range in a single day, and then pumped. In 10 days, the price increased by 177%. There is no doubt that BCH has turned bullish on a large scale. Although in July, the long-term callback of BCH appeared. It is not destructive for the previous rise. After the fall indicated by the red arrow, the price continued to fluctuate for 5 days, the power of the bears weakened. The price rose on Sunday, approaching the upper rail of the range (gray area) and the trading volume showed a increase. Conclusion: Mostly fluctuation. The probability of rising is greater than that of falling. The current price has not reached the high of the previous few days, so we think there is a high probability of fluctuation. But BCH is bullish on a large scale, so we keep the possibility of rising. We set resistance level at 262 and support level at 232. If you have any ideas, welcome to communicate with us:) Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Long
by Sypool
BCH rally update!Hey friends hope you are well, and welcome to the new update on Bitcoin Cash (BCH). Falling wedge breakout: On a weekly time frame, the 15th largest cryptocurrency has broken out a falling wedge pattern. Big symmetrical triangle: After the breakout Bitcoin Cash was not able to continue the rally because of a resistance of big symmetrical triangle. Bull flag: On a daily time frame, priceline of BCH has formed a bull flag and target for this bull flag is almost $1000. Conclusion: Bitcoin Cash has broken out two major resistance levels of a falling wedge, and a big symmetrical triangle. Now the bull flag formation is signaling to the continuation of the rally.
Long
by moon333
2