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BCHUSD trade ideas

Can BCH break higher?! BCH has been really tricky, but shown some signs that it wants to move higher. Right now I keep seeing support on a very small sub harmonic- that should play out. It also is preventing the associated crab pattern from completing the C leg which is a bull type of setup. If price continues to hold above then this goes higher. Follow the purple lost motion line.. it serving as an excellent diagonal support line. If price goes below the purple than we may find support at C leg of the crab pattern... if not look for higher prices and they will come fast. There is a bigger pattern to the far left that has not completed so prices could go higher than where I have marked right now. The key is to watch price action above purple dotted line. **WARNING there is a strong resistance mark- red line- and this holds true for the major pattern as well as the sub pattern.. so watch for possible resistance here to the downside. (this would mark a triple top on the price action). If we cannot get higher this would be bad for LONG move. Summary- stay above purple line.. and red line- we should go higher! Anything rejects on these we go lower.
BITSTAMP:BCHUSDLong
by Moorsc0de
6
Long on Bitoin Cash - Realistic Target 8000-12`000 This is the fourth cycle in Crypto-currencies. Each cycle has a 3-4x of previous high. The Third Cycle was in December, 2017; BCH ATH was at 4000 US Dollars, Bitcoins was at 20k, ETH 1.6K, LTC 360 US Dollars, ETC was at 44 USD Dollars. Bitcoin, ETH, ETC went already 3x from previous ATH, LTC just went over the previous ATH, while Bitcoin Cash against BTC last week after a year and half, showed a BUY SIGNAL in SUPERTREND indicator and that lead to a price being pumped for 50% and at the same time, BCH went over the EMA RIbbon against BTC. BCH against USD is also very bullish, the first resistance is 1,5k, second resistance 2,4k and third 4k. My personal realistic target is 8-12k within 2months, we could see a price even higher but it is dangerous to wait. I will personally sell at the range of 8-12k.
KRAKEN:BCHUSDLong
by LuckyEarthStar
1
BCH worth Paying Attention to even NOWGood day fellow traders, Even dough BTC is doing its own thing. For a quick day trade, maybe a swing its worth looking at BCH here. There is some nice consolidation the last days, with less volatility than most other alts relative to BTC . This could indicate strength, somebody is still buying, even if the larger market is selling in crypto. Buy at the bottom of that channel $1300 area followed by a sharp SL. Pay attention to the resistance zone! When you are in the right position you should be in profit by then. Monitor the daily candle tomorrow for more confirmation of the strength and bullish momentum. Levels indicated on the chart, Good luck to you all This is not financial advice
KRAKEN:BCHUSD
by CryptoDonkie
MY MINIMALIST CHART ANALYSIS FOR $BCH$BCH- TRON ON A DAILY CHART 5.8.21 0346H +8 PACIFIC MY PRACTICE MINIMALIST ANALYSIS ENTRY AND EXIT POINTS FOR A SWING TRADE Note: This is not a piece of financial advice. I am a student and this just a practice. Adjustments will be made in accordance with The Dynamics of the Market along with Trading Psychology. Postings most of the time is delayed as it takes time for me to finish on several analysis of assets. Updates will be posted religiously if time permits.
KRAKEN:BCHUSDLong
by The_Crypto_Samurai
2