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BCHUSD trade ideas

Is BCH Ready For A Bull Run This Week?BCH price action shows a bullish engulfing candle at the 50-day EMA. BCH avoids a bearish breakdown and may regain positive momentum. High chances of a $228 breakout, eyeing the $300 mark. BCH manages to avoid a sharp reversal seen in many altcoins. Late-night jump in Asian markets indicates an early phase of a bull run. BCH faces constant rejections at the $228 overhead ceiling. Currently trading at $212.68, sustaining above the 50-day EMA. Intraday growth of 1.11% increases chances of challenging the $228 ceiling. RSI reverses from the halfway line, indicating bullish momentum. MACD and signal lines avoid a bearish crossover. If BCH breaks $228, it could reach $300. Resistance at $228 could lead to a fall to the 200-day EMA at around $180.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
✴️ Bitcoin Cash Cup & Handle Will Lead To $600Hello, hello my dear supporters, followers, readers and mainly, Cryptocurrency traders, how are you feeling in this wonderful day? In this beautiful moment we call, the now! In this very moment, right now, we are looking at a chart for the BCHUSD trading pair, Bitcoin Cash. This chart represents what I like to call "financial hieroglyphs", or a foreign language just like computer codes. If you understand the language, you can read read the codes, it will tell you what the chart is saying but it does not tell you what the future holds. In fact, my deeply beautiful subscriber what the chart is showing is always the past... The future that we so often predict is something that we have to make up, or "reach" based on information extracted from the chart. The indicators are technical tools that are supposed to smooth the price data, history, and show us things that are not readily available through the price candles themselves. Most of the indicators are exactly the same. The indicators cannot tell you anything that isn't already in the price data, as the indicators come from price data, so they can never, ever, lead the market. All the indicators by definition then should be called lagging indicators. The values we use for the indicators are not as important as we might first think, the most important data point is the length of time. Ok, never mind that because we are here to read the chart, not to explain how they work. This Bitcoin Cash chart is showing a Cup & Handle pattern, which I ignore 100% of the time. I only point it out because it catches people attention and people like to talk about these patterns... What I see is a break of EMA50 (magenta line on the chart) as resistance and then a test of this level as support. You can find and depict many patterns, but it is all about price action; where is the resistance, where is the support. 5 Consecutive weeks EMA50 and EMA21 hold as support and the sixth week prices go up. This is a strong signal that says the bulls are in control. As long as BCHUSD trades above 181/192 (EMA50/EMA21), the bulls are in full control. As long as this condition remains, we expect higher prices... My prediction for this chart based on past history and marketwide action is 580 to 600, can be more but not likely to be less... Remember, this is on a bullish note, if the bulls move ahead. Can't wait to see it all develop... I hope to be 100% right. I am hoping that you are blessed with financial success, prosperity, wealth and love. Thank you for reading my dear friend. Welcome back! Thanks a lot for your support. Namaste.
CRYPTO:BCHUSDLong
by AlanSantana
2
Is Bitcoin Cash On The Road to $300?50-day EMA: A key technical indicator that averages the closing prices of an asset over the last 50 days. BCH recently tested this level for its resilience. 200-day EMA: Another crucial moving average that represents a longer timeframe. BCH had revisited this level, hovering around $180. Resistance Trendline at $228: BCH faces a significant barrier at this price point, which might act as a hurdle before making further upward moves. Death Cross: A technical pattern suggesting the potential for a significant selloff. It occurs when a short-term moving average crosses below a long-term moving average. BCH narrowly avoided this bearish signal. RSI (Relative Strength Index): This momentum oscillator measures the speed and change of price movements. The RSI for BCH is approaching the 'overbought' territory, suggesting a bullish sentiment. MACD (Moving Average Convergence Divergence): This trend-following momentum indicator shows the relationship between two moving averages of an asset's price. The widening gap suggests a bullish momentum for BCH.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
📊#BCH W-shaped structure appears, can it flip and rise❓➡️This is an analysis given by one of my fans, I think the analysis is very good, now we have reached the key point, if we break through the resistance zone and stabilize, then we can continue the upward trend. 🧠If we fall below the inflection point support line, it will destroy the N-shaped rising structure and start a correction. If the buy zone support below falls below, a new round of plunge will begin.📉 ☕️Everyone may have different ideas, and there's nothing wrong with sticking to your own ideas. What needs to be noted is, are you a long-term trader or a short-term trader? If you are a long-term trader and you think it will rise if it breaks through the downward resistance line, then you can use DCA to make spot investments and wait until it reaches your target. If you are a short-term trader, my advice is to wait for a clear signal to appear before taking a trade. ‼️At the same time, please do the necessary risk management. 👌🏻Trade safe💯 ➡️We have found a potential short-term confirmation signal here, and if my follower count reaches 1k before the signal expires, then I will publish this signal for free.🍻 🤜If you like my analysis, please like 💖and share it💬
BINANCE:BCHUSD.P
by wolf_king888
BCH drop to $130BCH looks like it has one more drop to it, perhaps to the 0.886 fibonacci around $130 roughly. It has been channeling nicely, which can help us determine the bottom as we get closer. I circled the Fixed Range volume that I suspect marks where the drop will stop. There is a Demand zone marked in green at this same area too. This will be the end of the retrace, then BCH will start the next major pump. Even though I will mark this chart as Short, I am long term Long.
COINBASE:BCHUSDShort
by gz1968
BCHUSD Chart Resembles 2019: Potential Surge to $297 and $463Hello dear traders! BITSTAMP:BCHUSD appears to be mirroring its 2019 price action closely. 📈 There's potential for further upward movement towards the $297 and $463 levels. These price zones align with the ascending Fibonacci channel and historical support/resistance areas. The $200 support level holds significant sway, a pivotal point for both bulls and bears. 🐂🐻 A breach below $200 could signal a deeper price decline – an essential factor to monitor. Conversely, a compelling signal emerges on the weekly chart, hinting at a price surge towards $300 and $460. 🚀 This optimism stems from hidden bullish divergence and a resemblance to the 2019 price patterns. Keep a keen eye on these developments. 👀
CRYPTO:BCHUSD
by Vestinda
Here’s How BCH Is Ready To Cross $300 in 2023! Bitcoin Cash (BCH) price has broken above short-term resistance, hinting at a bullish move. BCH has bounced back from the 200-day EMA, challenging the $228 level. A breakout from $228 could push the BCH price to $300. BCH retested the 200-day EMA near the $180 mark after a 200% jump in June. BCH has broken the resistance trendline, signaling a potential breakout rally. BCH has seen an 18% recovery this week and is currently testing overhead resistance. Current BCH price: $217.82. BCH is trying to avoid a death cross and is teasing a range breakout. With Bitcoin resurfacing above $26K, BCH is predicted to rise and potentially hit $300. A downtrend continuation from $228 could see BCH retest the bullish dominance at $180.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
When Will Bitcoin Cash (BCH) Price Reach $300?Bitcoin Cash has been stable at the $180 mark, a significant support level. The 50-day EMA is declining, indicating a potential death cross with the 200-day EMA. A breach of the $228 level (38.20% Fibonacci mark) could set BCH on a path to $300. BCH is currently trading between two key Fibonacci levels: 61.80% and 38.20%. The price has dropped by 39% in the last two and a half months and is currently trading at $190. Technical indicators: RSI shows a sudden increase, avoiding the oversold boundary, while MACD maintains a sideways trend. The Bitcoin ETF approval by the SEC in October could be a significant catalyst for BCH's price. A technical breakout could lead BCH to the $228 level, a 20% increase from the current price, with potential to reach $300. A continued downtrend below the 200-day EMA could lead to a significant drop to $100.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
Will BCH price bounce to $300?Bitcoin Cash finds significant support at $180, priming it for bullish potential. The 50 and 200-day EMAs trend sideways, signaling a potential death cross. A breakthrough at the $228 mark, which aligns with the 38.20% Fibonacci retracement, could drive BCH to a $300 target. Bitcoin Cash experienced a 200% price jump in June but faced a correction thereafter. BCH is currently sandwiched between the 61.80% and 38.20% Fibonacci levels. A potential double bottom pattern is forming, with a base at the $180 mark, indicating a potential bullish reversal. The current BCH price stands at $195, growing by 0.76% intraday. The presence of multiple Doji candles suggests a bullish breakout possibility. RSI demonstrates a bullish divergence, complemented by the double bottom pattern. The MACD and its signal line exhibit a bullish divergence, avoiding a bearish crossover. The 50 and 200-day EMA are moving sideways, hinting at a looming death cross if BCH goes below $180. A breakout past $228 could see BCH aiming for $300. If BCH breaks below the $180 support, it might plummet to $150 or even $100. The two Fibonacci retracement levels will significantly influence BCH's price movement.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
BCH CONTINUATIONIf price closes above 200$ on the current 3 day candle, we can see a continuation towards 22$, but I tend to see only a small bullish continuation to 220 and then a strong bearish push towards 150. Only if price breaks above 230$ on the weekly timeframe, we can see strong bullish continuations towards 320 and 450$. A break below 190 from here already could make price drop towards 150$, but it would be pretty dangerous to trade from that level, as BCH could easily reverse and trade back inside 200-220 area.
BITSTAMP:BCHUSD
by sorel-investments-group
History Repeating Itself? | BCH Predicted to Hit $160Are y'all seeing the same pattern I'm seeing? We are experiencing almost the exact same moments back in 2017!!! FIB: -With the 0.236 placed at the top of the first major rally after the final fall, we see this play as an area of support and a correction at the 0.702 Retracement level BOTH in 2017 and now. - Do you think the 0.236 Level will play as a support? Comment your thoughts down below! Patterns: - I used Elliot waves (12345) (ABC) to try to find a pattern and a correlation to the history of BCH. I'll let you be the one to decide if you see the patterns. - Let me know if you found something better in the comments bellow! MA: - We want to see resistance play out for the next few weeks if we want to see this pattern play out correctly, for this will help the price reach lower. - Do you think were in for another huge fall? Comment below! RSI: - RSI will hopefully show resistance levels at the .60 for accouple weeks
COINBASE:BCHUSDShort
by DenzelitoTrades
BCH target to $400+Yesterday, due to Grayscale winning a case against the Securities and Exchange Commission (SEC), the crypto market witnessed a surge in coin prices. Fundamentally, this was significant news that spurred the bulls into action, causing the price of Bitcoin to reach $28,000. During this time, an interesting pattern was exhibited by Bitcoin Cash. It broke through its resistance at $208 and closed the day at $225. In the prior crypto market downturn, Bitcoin Cash touched its 200 EMA and executed a successful reversal after retesting it. Notably, yesterday, Bitcoin Cash broke out of its Bull Flag pattern. According to the pattern, the anticipated target is around $400-$410. The Relative Strength Index stands above 50, and the Moving Average Convergence Divergence also displays a bullish crossover. Currently, Bitcoin Cash is being traded at $215 and is in the process of retesting the Bullish Flag trendline. An essential support level for Bitcoin Cash lies at $210. The 200 EMA serves as robust support, and it is imperative for Bitcoin Cash to maintain a close above this level. Bitcoin Cash demonstrated its support at the 0.618 FIB level, approximately $182. At present, it is trading above the 0.5 FIB level. Sentiments are decidedly bullish for Bitcoin Cash, yet it remains crucial for the cryptocurrency to uphold its $180 support level.
BINANCE:BCHUSDLong
by LuqmanEjaz
Will Bitcoin Cash Price Cross $250?BCH Bounce: Bitcoin Cash made a significant recovery, bouncing from a crucial support at $180 to cross the $200 psychological barrier. EMA Breakthrough: BCH successfully broke above the 50-day Exponential Moving Average (EMA), indicating a potential bullish trend. Recent Performance: Over the last eight days, BCH has shown a strong 23.60% bounce from its 200-day EMA, suggesting underlying strength. Resistance Ahead: BCH faces a supply challenge at $228, which coincides with the 38.20% Fibonacci retracement level. Bullish Indicators: The daily Relative Strength Index (RSI) has shifted into the bullish territory, while the Moving Average Convergence Divergence (MACD) has signaled a bullish crossover. Potential Upside: If BCH can sustain its momentum and break the $228 resistance, it has the potential to target higher levels at $258 and even $300. External Factors: The upcoming Bitcoin ETF decision could significantly influence BCH's trajectory. A positive decision might further fuel BCH's rally, while a delay could pose challenges. Caption from Detailed Technical Analysis Pointers: 🚀 #BitcoinCash Analysis Deep Dive! 🔍 BCH Bounce: From $180 support, now above $200! 📈 EMA Signal: Broke the 50-day EMA, bullish trend ahead? 🌟 Recent Surge: Strong 23.60% bounce off Will It Cross $250?
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
1
Will BCH Price Cross $200?BCH's Rebound from 200-day EMA: Bitcoin Cash has bounced back from the 200-day EMA, indicating a potential reversal from the bearish trend. Key Resistance at $200: BCH is challenging the $200 resistance level. A successful breach could lead to a price target of $228 or even $258. Historical Performance: After a 200% rally in June, BCH saw a significant correction, dropping below $200. Despite this, its YTD growth stands at 99.18%. Current Trading Price: BCH experienced an 11% bounce from the 200-day EMA but faced resistance at $200, causing a 3.07% drop. It's currently trading at $191.57. RSI Indicator: The daily RSI has moved out of the oversold territory, hinting at potential bullish momentum. External Factors: The upcoming deadline for Blackrock and Grayscale Bitcoin ETF could act as a catalyst for BCH's price movement. Correlation with Bitcoin: BCH's price movement is closely tied to Bitcoin's performance. A potential recovery in Bitcoin could benefit BCH, pushing it towards $228 or $258. Potential Downtrend: If Bitcoin drops below $26K, especially with delays in SEC's Bitcoin ETF approval, BCH could see a decline. A drop below $180 for BCH might lead to a further decline to $150.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
Can 200-day EMA Be the Springboard for Bitcoin Cash?Silver Lining: BCH steadies its price at the 200-day EMA after a significant fall, suggesting a potential solid support and buying zone. Market Resilience: BCH remains stable over the past week, largely unaffected by the broader market sell-off. Key Support Levels: Both the 200-day EMA and the 61.80% Fibonacci level at $180 indicate strong investor confidence in BCH. YTD Gains: BCH boasts an impressive 96% year-to-date gain, outperforming many major altcoins. Decline from Peak: A 42% decline from its 2023 peak raises questions about BCH's future trajectory. Technical Indicators: The daily chart's Stochastic RSI and RSI hint at a potential comeback from oversold conditions. 4H Chart Analysis: A double bottom pattern seems to form around $180, with a $190 neckline, suggesting a bullish trend. Bullish Divergence: The 4H RSI shows a bullish divergence, increasing the likelihood of a positive breakout. Potential Reversal: Technical signs point to BCH preparing for a reversal, possibly surpassing the $200 mark and aiming for $228 (the 38.20% Fibonacci level). Downside Risk: If BCH dips below $175, it could further decline towards $150.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight