BCHUSDT trade ideas
BCH/USDT is Ready For Bullish Rally | Bitcoin Cash Analysis💎Yello Paradisers! Get ready for an exhilarating journey with BCHUSDT. Right now, it's comfortably positioned in a demand zone, hinting at a potential bullish surge.
💎Currently, BCH is holding onto a crucial support level, moving within a specified boundary. A bearish order block has posed some challenges within this territory.
💎The momentum seems to be building, and there's a strong chance the price will break through the order block, aiming for the above supply zone.
💎However, if the bears take control and the price drops beneath the support, it might pave the way for a prime shorting scenario.
💎Stay tuned for more strategic trading insights from us! 🌴
🔥 Bitcoin Cash Fighting For The Uptrend: Patience For Break!BCH saw a huge move over the last few days. This could be the definitive trend reversal, but too early to say for now. Personally, I'm going to wait for the price to close above the local high around 229 before considering an entry.
With the diagonal resistance retested as support, it's looking quite bullish. I'm going to use the retest-lows as my stop, Summer high as the target.
BCH Buy Trade.Here is My Study On BCH.
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BREAKOUIT ALERT BCHHi, traders , a look into BCH , from the chart we can see a breakout of the channel and potential of getting to $326 resistance zone. if it breaks downward we will see a sell to $141 area.
Trade Plan
1.Buy at the current price target $326
2. Buy more if it drops to $141.
Its all about profits.
Tradehubng
✴️ Bitcoin Cash After The Crash | 100% BullishThe previous chart broke down completely, I left the same drawings untouched. We can see a rejection right on the day I published and now we see a candle holding at fib. support.
Yesterday's wick low stopped at EMA300/200 with very low volume, today's volume is higher... It is still early for sure.
For the bigger picture, we need to wait for the weekly close.
What we have now is a very strong higher low (17-August vs 10-June) and thus the chart/pair continues 100% bullish.
The low volume on the drop is quite telling.
Compare the high volume as prices move up late June with the current volume as the correction takes place.
The market drop because of the Bitcoin move but the bears have no strength.
The RSI being oversold is a major signal as this produces a bullish divergence. The divergence shows up before change takes place.
Even lower support levels can be tested but the bigger picture is up.
Higher highs and higher lows, long-term.
Namaste.
Bitcoin Cash broke 200 levelHi guys, let's review the current situation on Bitcoin Cash.
In my previous post I indicated that if Bitcoin falls under 28k then Bitcoin Cash drops under 200 level and that's what happened here. Bitcoin dropped up to 25k and Bitcoin Cash almost touched 160.
As it shown on the chart BCH almost touched upper bound of 160-145 support area and I think that now this area will play important role for Bitcoin Cash. I don't think that this level will be broken any time soon as I don't expect Bitcoin to break 25k support either. But probably BCH price now will be fluctuating between 160 and 200 prices.
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Will Bitcoin Cash Flip Bitcoin like the old daysRemember that time in 2017 when Bitcoin crashed and Bitcoin Cash went up? That would be nice if that happened again, regardless interesting chart which seems to be holding. There is a chance Bitcoin cash is making super-fast patterns and we are just starting wave 3 which would be crazy because wave 1 went up over 200%. If that were the case I'd expect 1.618 to be reached. Yet I am not so confident this will play out because there is a chance the move to the downside has not yet completed
BCHUSD ❕ under the channelThe asset has fallen under the channel and is now trading in the range formed by a wide descending candle.
Trading volumes showed growth on candles with long upper shadows.
RSI is moving in the sellers' zone.
It is important to watch the price reaction to the middle of the range and the lower boundary of the channel.
I believe that the asset will continue to decline.
BCH/USDT room for a "Free Fall"??Hey traders 👋
BCH coin is next on our watchlist with a good potential for free fall to happen! After price did a massive +200% push it has been going sideways for some time but yet not any correctional movements to lower zones....seems calm before the storm here so keeping both eyes opened here definitely!
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BCH/USDT Potential Rejection And Continue Upward Movement Hello Paradisers, turn your attention to this token!
💎 BCH, also following BTC's sharp decline to $24k, has breached its demand zone.
💎Currently, BCH might rise to form a new leg before either continuing its descent or heading straight to the Bullish Order Block or untouched demand zone.
💎Typically, a fresh demand zone witnesses a strong bounce-back, given that it remains untapped. Such areas often house a significant number of buyers and accumulation activities.
BCH - What is next for Bitcoin Cash?Hi Everyone,
BCH is now coming back down to close the imbalance that had been left once it broke swing highs last year.
There is an order block sitting around 140, which should be the area to watch out for your buy limit orders.
I expect price to continue falling to that area and I will start opening buy positions once we see confirmations that the Order Block will hold.
Stop loss should be placed below the daily swing low, as the market could still drop further to the lower order block around 120.
Up big... Down bigWhy is this happening
BITSTAMP:BTCUSD pre halving year, expected downturn
BITSTAMP:BTCUSD breaking important trendline in log
BITSTAMP:ETHUSD getting crushed
VANTAGE:BTCETH Bearish patterns
COINBASE:BTCUSD 6 months straight up, summer lull incoming
CRYPTOCAP:TOTAL3 Doing Lower lows since beginning of year.
Bitcoin Cash just reached 200 price.Hi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash just reached my main target at 200 price. This is lower bound of 220-200 support level. In my previous ideas I indicated that it's very likely that BCH will touch that level. It took some time but eventually Bitcoin Cash has reached 200 level.
Now there are view options how BCH price can behave at that level.
Option 1: Price can correct to 220-230 price and from there slowly drop back to 200 level.
Option 2: Price can consolidate at 200-220 price range and after some time drop under 200 level.
Option 3: If Bitcoin falls under 28k then BCH drops under 200 level.
I expect that there will be some correction up to 220 price and from there drop to 200 again. Let see how it goes.
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Bitcoin Cash: Can You See The Bearish Continuation?KUCOIN:BCHUSDT enjoyed some sort of bullish price action in the last few weeks, but it was not able to break out of the key resistance level on a higher timeframe.
Reason for recent pump: Bitcoin Cash's latest upgrade supports the deployment of smart contracts on the Bitcoin Cash blockchain.
Bulls have been trapped, and I look forward to making profits from the bearish continuation.
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I will update this chart when we hit our take profit levels
Cheers!