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BCHUSDT trade ideas

BCH/USDT Technical Analysis - Potential Breakout Ahead BCH/USDT Technical Analysis - Potential Breakout Ahead Hey Crypto Enthusiasts! Let's dive into an insightful technical analysis of the BCH/USDT trading pair, exploring recent trends and potential future moves for Bitcoin Cash (BCH) in the crypto market. June's Phenomenal Surge June was nothing short of thrilling for BCH holders, witnessing an incredible 260% surge in the BCH/USDT pair. This exhilarating jump has captured the attention of traders and investors, sparking curiosity about the path BCH might take next. Spotting Bullish Signals The current scenario hints at the formation of a bullish flag pattern in higher time frames. This pattern often acts as a signal for a continuation of the previous uptrend, suggesting the potential for more upward movement. However, remember that retracements are an integral part of the market cycle and should be anticipated. Resistance and Support Levels Right now, BCH/USDT is trading within the resistance range of $240 to $250. This zone is pivotal as it represents a battleground between buyers and sellers. Should the price breach the $250 mark, BCH could eye levels such as $300, $400, and even $500. On the flip side, if the $250 resistance holds, we might see a retracement. In this scenario, the support level to watch is at $186. A dip to this level could provide a healthy correction and set the stage for the next bullish leg. Breakout and Targets The make-or-break point for BCH/USDT is at $250. A clean breakthrough here could unleash BCH's potential to explore $300, $400, and $500. Keep a close watch on this level, as sustained movement beyond it might herald a new bullish phase. Key Levels Recap Support: $186 Resistance: $250, $309, $400, $500 Remember: Cryptocurrency markets are known for their volatility. This analysis is purely informative and not financial advice. Always conduct thorough research or consult a financial advisor before making investment decisions. Stay tuned for more updates!
Long
by CryptoPatel
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