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BCHUSDT trade ideas

BCH/USDT Possible Breakdown Level? Hey, guys ✌️ BCH coin seems pushing towards that neckline zone on daily chart. If the price will continue to suppress that level there is a good chance of breaking it. Waiting here for a breakdown on bigger scale so let's see. If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowAcademy
24
BCHUSDT lost the Weekly support!BCHUSDT lost the weekly support level around the 130$ area after a clear bearish impulse. Furthermore, the price has also lost the dynamic daily support level, indicating that there is significant selling pressure in the market. According to Plancton's Rules, a retracement to the 0.618 Fibonacci level could present an opportunity for a new bearish impulse. The 0.618 Fibonacci level is a common level of retracement in technical analysis and is calculated by dividing the difference between the high and low prices by the Fibonacci sequence number 0.618. If the price of BCHUSDT retraces to the 0.618 Fibonacci level, it could be an indication of a potential bearish trend continuation, meaning that traders could sell BCH with the expectation that the price will continue to fall. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
8
BCHUSDTHello Dear friends Currently, the positive divergence of the RSI combined with the downtrend line on the daily time frame has strengthened the possibility of completing a bearish wedge pattern. To form an upward trend similar to the drawn scenario, we have two conditions: the complete consumption of the $108.9 range and the maintenance of the $87 range. If the previous price floor ($87) is consumed, the possibility of completing the descending corner pattern is weakened. We would be happy to hear your comments
Long
by FiboTech
✴️ Bitcoin Cash Update | Bullish Or Bearish?What one does, the rest follows! The Altcoins, they all move together and most of them, about 90%, have the same chart. Within the 90% with the same chart the only difference is their timing. Some move first, others follow but end up drawing the same patterns. Bitcoin Cash continues with its bullish consolidation, which is normal and at the same time great. The longer the consolidation takes, the stronger the jump when the consolidation box breaks. BCHUSDT is consolidating above MA200 while ETCUSDT is trading below, this makes no difference, they are both going to break up. The one above MA200 will face less resistance though. It will be exciting because the next up is the biggest one. If you want to see additional information, the targets, support levels and so on, visit the 'Related Ideas' below... For all the "updates", I will list a few of the old ones. Namaste.
Long
by MasterAnanda
BCH/USDT Possible Head&Shoulders Hey, guys ✌️ Next one we will be taking under radar the BCH coin. We spotted a nice pattern forming here on Daily chart where we are about to form the last part of that pattern "Right Shoulder." There are two possibilities here: First one is where we form clean H&S pattern with that right shoulder. Second one (which is more realistic with current market state) is where by the end of tomorrow we will have just straight candle which will break that level at $120. What do you think guys? Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowAcademy
5