inverted head and shoulders pattern on BCH, 510 profit target BCHUSD is forming a head and shoulders pattern on the daily and 4h time frame, once a support is formed @ 345-350, we'll see 510 in the coming weeks. trade responsibly
BCHUSDT trade ideas
An inverted head and shoulders formation Bchusd is forming an inverted head and shoulders pattern, and the flow of crypto has always being, btc would make the first move and then other cryptos follows. looking for a break out from the neckline upward, a 2 reward to risk move to 515
BCH Still CorrectingBlack waves A and B seem to be complete, and in my primary count we should see one more move to the downside for blue 5 / black C, ending the correction.
BCHUSDT TO THE SKYWe are likely to see bchusd hits 700, it's currently forming an inverse head and shoulders pattern,
BCHUSDT TO PULL THE RUGWatch as bchusdt take a nose dive in the coming week with take profit @ 300, a 1:5 risk to reward. more details on the chart.
BCH CHART UPDATE in 3-Day TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
BCH broke down below the crucial support trendline a couple of weeks ago, but it managed to hold support at $292.3. BCH responded with a nice rebound and is currently testing the $402 resistance (previous support trendline).
If BCH is rejected from the current market price, we still have lower supports at the $292.3 and $220 levels to hold the price. A breakout above the trendline will likely be a good sign for BCH.
- Primary Support: $292.3.
- Lower Support: $220.
- Resistance: $402.
DYOR, NFA.
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$BCHHave you bought BCH on spot?
In my previous outlook for BCH, now the price entering my buy zone and I ready for it.
Now, I will try for long position on BCH.
The BCH chart looks same with XRP and XLM for now - Falling Wedge formation
This is my roadmap for this month and you have to DYOR before make a decision.
18 July 2024 looks good to start the up move.
Please DYOR and always use stop loss whatever your position
BCHThe asset gives a way out and break the structure, there may be another immersion, but in general the goal does not change, I am gaining a position now, I indicated the goals on the chart, you like the idea, write your opinions in the comments, it is also interesting to see!
BCHUSDTmy entry on this trade idea is taken from a point of interest below an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
$BCH : Short or Long? I vote Short!!!!Bitcoin Cash was created as an alternative to the first and most valuable cryptocurrency — Bitcoin (BTC). In 2017, BCH developers modified the BTC code, releasing their software version and a full-fledged competitive product, which split Bitcoin into two blockchains: Bitcoin and Bitcoin Cash. Bitcoin Cash is a result of a hard fork in the blockchain due to differences in the community over Bitcoin scaling and the SegWit upgrade. Moreover, another hard fork, which divided Bitcoin Cash into two parts, Bitcoin ABC and Bitcoin SV, took place in the fall of 2018.
Moving towards the resistanceThe price of BCH is around $391 and is moving towards the resistance level of $424. If the price successfully breaks this resistance level, it is expected to rise further. However, if the price fails to break this level and decreases, the support levels of $377 and $369 could serve as significant support points.
BCH: Oversold at SupportTrade setup : Trends are mixed but price remains above 200-day moving average, which keeps the long-term Uptrend alive. Price has pulled back to 200 SMA (support) and near $350 horizontal support, and also getting oversold (RSI ~ 30), which could be an attractive swing trade entry with +25% upside to $500. Stop Loss (SL) at $340.
Pattern : Price is Oversold at Support . This trading strategy finds assets that are oversold (RSI < 30) and are near a support area, which means there's a high probability that price will bounce up near-term. Oversold conditions are typically reached when RSI hits 30 or less. Learn this trading strategy in Lesson 5.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Neutral.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $350.00, then $300.00. Nearest Resistance Zone is $400.00, then $530.00.
Alikze »» BCH | Head and shoulders pattern scenario🔍 Technical analysis: Head and shoulders pattern scenario
- It is moving in a medium-term ascending channel.
- But now, due to the structural correction, it is moving in a short-term downward channel.
- Currently, due to the breakdown of the structure and the downward slope, as well as the movement in a short-term downward channel, it can continue with the pullback to the broken structure and the supply zone to the origin of the correction movement.
- Therefore, it can continue the correction with a retest up to the ceiling of the short-term descending channel and the supply area and complete the last leg up to the 250 range by breaking the major ceiling.
💎 Alternative scenario: if it can break the supply zone, the first target will be the $500 range, which can be considered as a pullback to the major ceiling.
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BCHUSDT Will the Rebound Hold or Break Down?Yello, Paradisers! Is #BCHUSDT about to make a significant move? Let's break it down.
💎#BCH is currently showing a rebound, but it might just be a retest of the resistance before continuing downward to the support zone at $330 - $300. However, if BCH manages to break out above the $400 resistance, it could be a strong indicator that the price will continue upward, probability of hitting our target without dipping into the support zone.
💎In the support zone, there is a high probability that BCH will rebound since this area hasn't been visited since BCH made a significant breakout previously. If BCH shows a positive sign, like a bullish candle rejection in the support zone, it indicates that the support is holding, and the price could move upward.
💎On the other hand, if BCH fails to show positive signs in the support zone, this could be a bad sign. If the support breaks, the price might continue downward to the weekly Order Block (OB) at $256. There are many buyers in the weekly OB, so the probability of a rebound here is high. Reclaiming above the support zone would keep the bullish scenario valid.
💎However, if BCH fails to sustain above the OB area and breaks down further, the bearish trend will likely continue, and the bullish scenario will be invalidated.
Trade smart, Paradisers, and stay disciplined!
MyCryptoParadise
iFeel the success🌴
$BCH - Ready fot next leg up#BCH
We have
1. Huge Rounding Bottom created and now retest on going.
2. RBS (Resistance Become Support) done.
3. Looks like will form a rissing channel to complete our short term target around $1,429.
For me, its time to buy with DCA.
BCH USD TO GO LOWER 2019 bull trap pattern is repeating itself. bchusd to loss over 10% in the next couple of days
Bitcoin Cash (BCH): 200 EMA Has Been Broken!!! We are back with Bitcoin Cash, where our strong 200EMA has finally been broken and now we are getting ready for a smaller free fall scenario.
We are looking for price to fully break that zone and secure, with target being near $200-$225
Swallow Team
Long signal for BCH/USDTThis technical analysis is based on the daily chart of BINANCE:BCHUSDT on the Binance exchange. This analysis draws two price channels and evaluates support and resistance levels.
Price Channel Analysis:
The previous bearish channel is broken out, and a bullish channel is formed.
The suggested entry point is around 457 USDT.
Entry and Exit Points:
Entry: 457 USDT
Take Profit: 530 USDT (15.96%)
Stop Loss: 414 USDT (9.41%)
R/R Ratio: 1.70
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 1.70, indicating a favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
BCH ANALYSIS (4H)From where we put the "start" on the chart, it looks like a triangle is forming.
The depth of wave D is high, which strengthens the possibility of forming a triangle.
It is expected that we will have a return from the green range to the red range and then the main drop will occur
Closing the daily candle above the invalidation level violates the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#BCH/USDT#BCH
The price is moving within a 1-day ascending channel pattern, which is a retracement pattern
We have a bounce from a green support area at 405.00
We have a tendency to stabilize above the Moving Average 100
We have an upward trend on the RSI indicator that supports the rise and gives greater momentum
Entry price is 466.05
The first target is 571.10
The second goal is 620.40
The third goal is 692.20
BCH ANALYSIS🚀#BCH Analysis :
🔮As we can see in the chart of #BCH that there is a formation symmetrical triangle pattern. Also there is a perfect breakout. But there is an instant resistance zone and if #BCH sustain this breakout and also breakout the resistance 1 zone then we would see a bullish move📈📈
🔰Current Price: $492.9
🎯 Target Price: $700
⚡️What to do ?
👀Keep an eye on #BCH price action. We can trade according to the chart and make some profits⚡️⚡️
#BCH #Cryptocurrency #TechnicalAnalysis #DYOR
