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BCHUSDT trade ideas

BCHUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. Te price has had a sharp fall in the bearish channel. It has shown reaction to the S1 line. You can set a Buy order here for the R1 area which is a supply area and also R2. The S2 zone is also another good area where you can set another Buy order. You can set two Buy orders. One at the S1 line and the other at the S2 zone for the next resistance. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
2
Bitcoin Cash (BCH) Buy ZoneBitcoin Cash (BCH) Buy Zone -------------------- BIAS Mid-Term : Bullish Long-Term : Neutral Risk : Medium With the bigger picture remaining bullish, the shorter time frame picture has become pretty grim for the bulls. Currently ranging at around $290, Bitcoin Cash has reached the major long-term support we've been forming for the last 3-4 days and one that when broken trend-line will determine where we'll be heading to all targets for the next two weeks. -------------------- $BCH/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 270 - 295 TP 1 : 304 TP 2 : 317 TP 3 : 331 TP 4 : 360 TP 5 : 384 TP 6 : 405 TP 7 : 431 TP 8 : 472.5 Stop Loss : 244 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
3
One day analysis of BCHUSDTYesterday it tested the previous low again and we can see it has been broken. For now we have a lower high looks like we heading down again. Blitz Bear: follow the downtrend either we create a big triangle then narrow down to choose a direction or we just heading down and create a lower low. both way would require a continuation of downtrend for a while. Blitz Bull: the market still shows the power to prevent the price going down further(mostly related with the Fed rise rate but now the sentiment has been cool down), that why the bears couldn't push the price much more. and MACD appeared a divergence. probably can see a rebound goes above 300 soon.
by Blitz_analysis
BCHUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. Here is the S1 support line which the price has hit several times and was supported. Now also it is ranging close to it. You can set the Buy order at the S1 line and keep the Stop Loss. If it falls below the S1 line, then there would be more falling. You can sell half of your assets at the R1 line and the other half at the R2 line. If it breaks the R2 line then it can see higher prices. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
2
BCHUSDT Market AnalysisFrom the 4-hour timeframe chart, It is trying to form a higher low, and the price stand firmly here, we are still under an uptrend. In the 1-hour chart, the price just broke a triangle and now is heading down. Either way, the next key support is around 375. Blitz Bull: Since there's a oversell plus price started to bounce back, the best scenario is a push-up could be happening soon. Blitz Bear: Still we cannot deny that after the brokedown of the triangle, the big bearish candle shows clearly the lack of confidence of the market, The shooting star also bears it out.
by Blitz_analysis