Hello Everyone,
Despite the recent downturn, BCH/USD maintains a long-term bullish outlook, with the potential for an upside move looming. However, it's essential to exercise caution, as a breach and sustained lock below the 1D PP could indicate further downside.
TradeWithTheTrend3344
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On the daily time frame SET:BCH has printed a bullish white-swan harmonic pattern that is almost in completion for upward continuation📈
A Bullish candle close on the daily tf with good volume above the $382 area will be a good entry
Bitcoin cash is still in an uptrend with daily chart showing a bullish continuation pattern after successfully retesting support and it holding from C leg. Also on the total market cap, you can see the bull flag present. A breakout of 9.5 billion total market cap is needed for price action to go higher.. I'm accumulating dips for the breakout set-up. C leg is buy...
BCH halving run seems to be at hand.
Price is about to hit a key resistance.
Possible end of local wave, to dip soon.
$ 721.50 - 729.41 is the major resistance.
$ 575.73 - 583.29 is the first strong support.
$ 634.43 - 636.10 minor support via dual fibs.
We may blast thru, then look for retest entry.
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Hello Everyone,
Long-term prospects for BCH/USD appear favorable, with 460.946 serving as a robust 1M support level. Any potential breach of this level could prompt additional testing of support. However, overall, the enduring trend suggests a solid bullish trajectory in the long run.
TradeWithTheTrend3344
Hello Everyone,
Despite the recent downward swing, the BCH/USD pair maintains its status as a robust long-term buy, with solid monthly support maintaining its stability.
TradeWithTheTrend3344
Looks like there is at least one more push up in BCH. Tons of confluence at 1050 USD. We had a massive triangle breakout followed by multiple ABCs. Also BCH/BTC looks fantastic. Will meet massive resistance at 1050. If we can get past 1050 and flip the resistance to support we could get out of control - but I wouldn't bet on it. Also take a look at BCHG - will...
On the 4h time frame BchUsd pair has printed a bullish shark pattern that is almost in completion for a trend continuation on the upside.
Stoploss should be slightly below X.
Hello Everyone,
Currently, the resilience of daily support for BCH/USD is noteworthy. Our primary objective is to secure a stable position above the 1D and 1M Pivot Points (PP) to validate potential further upward movement. Failure to achieve this may lead to additional testing of support levels. Presently, BCHUSD represents a buying opportunity within the 1D...
With Bitcoin's fourth mining reward halving just days away, all eyes are on the leading cryptocurrency. However, a recent price slump in Bitcoin Cash (BCH), a derivative of Bitcoin, is sending a potential warning sign to Bitcoin traders.
Understanding the Halving
Bitcoin's mining reward halving is a pre-programmed event that occurs roughly every four years. It...
Resistance at 720ish has already been hit, the sell-off is dying, RSI and Stochastic along with the linear regression channel are pointing towards a continuation upward after a pullback at the 720 resistance. A push above it would give a very healthy run up to just over $800.
