SHORTING BCHHello guys, we follow the chart and candlestick formation is showing price rejection on the resistance trendline, we should expect a pullback , so we can short for some profits.
tradehubng.
BCHUSDT trade ideas
Bitcoin Cash (BCH) Sell ZoneBitcoin Cash (BCH) Sell Zone
--------------------
BIAS
Mid-Term : Neutral
Long-Term : Bullish
Risk : High
Short-term scalping and expecting a formed bearish pattern, currently its facing out the mid-term resistance zone which is potential reversal zone of it.
--------------------
$BCH/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 324 - 335
TP 1 : 320
TP 2 : 315.75
TP 3 : 310
TP 4 : 306
TP 5 : 301.2
TP 6 : 295.5
TP 7 : 292
TP 8 : 287
Stop Loss : 344.44
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
--------------------
BCH about to movebch is looking great to accumulate down here,
could potentially be close to breaking the down trend
BCH 1 day analysisluckily the price now holds above on the support (black line) and it's just tested the upper band of the previous channel. KDI is still relatively high and requires the bulls to cool down a bit which could lead to a double bottom pattern. MA are not clear whether a death cross will form. Even there's a death cross it could end up in a short time.
BCH 1 day analysisthe channel has been broken to the upside thus the uptrend is continuing with a very low value of KDJ indicator. This signals the upper line of the previous channel would be a support and price could start to rise from there in a new round. First buy point: upper line of uptrend channel, second: MA50.
BCH 1 day analysisBlitz Bear: The problem is one day chart the price is still being suppressed below MA and already formed a long upper shadow line. So if it going to start a pullback then the best choice is to go back to the lower line of this uptrend channel.
Blitz Bull: Following the BTC's rally up, now it's a good opportunity to break through and head to at least 320. The previous high has already been overtaken and that means the end of the downtrend.
BCH 1 day analysisI see it's necessary for the market to pull up and touch the uptrend line as well as the resistance line. The current uptrend is creating higher lows and the KDJ went to a relatively low point, plus the candlestick gave us some positive signals too(bullish engulfing pattern). This candle at 8 am (UTC) is important because if it can hold within the previous candle's shadow line, it could further underpin the bull view.
BCH 1 day analysisThe price just got back to the channel if we just look at the nearest market movement. This indicates that currently, the bulls are still in power. Another good news is the price now stands above MA20 which potentially will form a golden cross thus will create another upside wave. Nonetheless, KDJ signals a small market pullback is needed because of the high number value. When the price touches the lower line of the channel or creates a big lower shadow, it might be a great opportunity to enter long trade.
BCH about to movebch is looking great to accumulate down here,
could potentially be close to breaking the down trend
in a yearly accumalation zone
could be ready for a big move up
BCH analysisThe good news is the price is still in a consolidation range of downtrend now while the bad one is we can see the market is showing low-highs which would likely put the price going down further. With MACD just had a dead cross while MA is trying to get a positive move. The upper line of this downtrend triangle could be an instructive point if we are seeking a short trade
BCH analysiswe have price pushing lower to a major level of support that prevent the market down. The macd indicator hasn't created a cross yet to give a signal of buy at this point. In this case, we need more confluency in getting together to look for a trade opportunity. Alongside there's no clear candlestick pattern that shows a buy trade would work. So with these reasons come together, low likelihood to involve now
#BCHUSDT looks prime for 500% Rally!Welcome to this quick BCH/USDT 1day analysis in the chart.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-#BCH/USDT looks triangle pattern create and 500% Rally confirms and long term hold!
Entry:-$262
$317
Target:- 400% TO 500%
Stoploss:-$210
With leverage 3x to 5x
And long term hold and good profit 😉🙂😊✈️✈️
Q:-What do you think about this?
Do you think we will see a new ATH of BCH in the next quarter?
Share your views in the comment section.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
BCH 1 day analysisInside the resistance zone with relatively dense trading volume, It probably needs a rest in the coming day as the 2 MA lines also disperse heavily. The bullish view is After a normal pullback under the uptrend, the price will go back to this zone and eventually break it while the bearish view is the price encounter high resistance here, push it crackdown again, and goes below the previous low.
BCHUSDT 1D TA : 2022-03-08 Support ZoneIt is still in a downtrend and if the price supports in the range of $ 260, we are likely to climb again to break the trend lines. And in case of failure of the important support range, more shedding will take place.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
BCH analysisThe price has been suppressed by the MA 50 in 1hour chart, so we will take this signal heavily on whether it can stand above 50 as a reference of our long trade and 1 hour chart is now trying to do it. Yesterday's pull back didn't break the previous low so bulls still has chance
One day analysis of BCHUSDTIt is hard to say that the downtrend will stop here in the current position. But it still facing enormous support that has been acting as a psychological spot. MA has no sign of a golden cross, instead, it disperses parallel.
BCH/USDT Butterfly Bullish patternharmonic Butterfly pattern is obvious in Daily time frame hope we feel the fly ;)
BCH Sensitive Levelsat first we have to know what news can pump this for next levels but we dont have any fundamental for chart
BCH analysis1 day chart shows really negative scenario which is the downtrend triangle is about to break to downside. And that means another round of plummet. MACD still below the 0 and there's no sign of cross above it. Currently waiting for the decision of the market towards this downtrend triangle. If it didn't broke, then probably it will continue to oscillate in the channel for a while before breaking out.
One day analysis of BCHUSDTIt's unlikely to break the current support to me, current price is a great entry from 15 mins chart. but if it did the price would probably goes below 260. Yesterday's tumble stem from the charity sells, so far a lot of charity organizations received Crypto so short-term it will need cash out. In the long run the market is still positive.
One day analysis of BCHUSDTthe price is testing the support area now, ideally we'd look for a long position and from 4 hours chart it already shows a long lower wick with the buying power. To be more confirmed we can wait and see some candle patterns to give us a good entry point like double bottom. So basically what we are waiting for is the price to go down and approach the black box, the body of the candle can go inside but cannot drop over the box. Also if the candle's wick out of the bottom of the box, that also fine. Make sure the close price is in the box and then the next candle shows us the buy power. Otherwise we consider a different direction.
