BCH: Rising Wedge BreakoutBitcoin Cash (BCH) technical analysis:
Trade setup : Bearish breakout from a Rising Wedge pattern, could lead to a pullback to $200 support area (and 200-day moving average) in the near-term, which could be an attractive swing trade entry, with upside potential back to $250.
Pattern : Rising Wedge It usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower.
Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 – $150. The nearest Resistance Zone is $250, then $330.
BCHUSDT.P trade ideas
BCH: Rising Wedge BreakoutBitcoin Cash (BCH) technical analysis:
Trade setup : Bearish breakout from a Rising Wedge pattern, could lead to a pullback to $200 support area (and 200-day moving average) in the near-term, which could be an attractive swing trade entry, with upside potential back to $250.
Patterns : Rising Wedge It usually forms after an uptrend and suggests a potential bearish reversal in the original uptrend. When price breaks the lower trend line the price is expected to trend lower.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 – $150. The nearest Resistance Zone is $250, then $330.
BCH/USDT ↘️Hello Everyone 🙋🏽♂️
🔴 248.40
🟢 224.10
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
Bitcoin Cash is the real bitcoinTaking another crack at a Bitcoin Cash long.
Blocksize debate coming back into contention due to lighting network failure. And it's being mined by BlackRock. If MIL:ETH is getting an ETF then SET:BCH will.
Still not sure about this. The chart looks so sleepy. WAKE UP
Targeting 450
Stop loss tight
BCH Trading Forecast: Bullish Momentum at $155 Level📈 Trading Forecast: Bullish Outlook for BCH as Long Position Opportunity Emerges at $155 🚀
Based on my comprehensive mathematical analysis and the formation of a bullish cup pattern on the weekly chart, I have identified a prime opportunity to open a long position on BCH (Bitcoin Cash) at the $155 level. This level aligns with key support and shows strong potential for an upward price movement.
📊 Technical indicators support this analysis, indicating positive momentum and increasing buying pressure. The cup pattern suggests a bullish trend reversal, with the potential for significant gains in the near future.
💰 With this valuable insight, traders can strategically position themselves to capitalize on potential profits. However, it's essential to monitor price action closely and implement proper risk management strategies.
🔎 Stay tuned for further updates and analysis as we closely track the market's movements. Happy trading and remember to always conduct your own research before making any investment decisions!
Disclaimer: This post is for informational purposes only and should not be considered financial advice. Trade at your own risk."
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BCHUSDT with strong Bullish setupBCH painting this bullish setup and price already break it upside. Looking forward to see how far this will go. We also have potential AB=CD
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BCH - Still Strong ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BCH has exhibited an overall bullish trend , trading inside the rising channel in red.
At present, BCH is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a demand zone in blue.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #BCH approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BCH 232 Long! Accelerate 300 usdt to 1000 on 5xBCH 232 Long! Accelerate 300 usdt to 1000 on 5x
Crypto trading marathon!
"Making 1000 out of 300 on 5 leverage".
Stop 230
Take profit 256.5
How many days will we need to accelerate the deposit?
7 days?
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30 days?
No way!
Write in the comments below!
Trade with us, trade better than us!
BCH BEAUTIFUL TREND! SO SEXY.Sometimes you just have to stop everything you're doing and admire a nice trendline. These market makers are having fun.
When will the trend break? Let me know in the comments below.
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This is not financial advice. This is for educational purposes only.
BCH Lights the Path: Get In on the Buy Action Today!"**Fundamental Analysis**
* Bitcoin Cash (BCH) is a peer-to-peer electronic cash system that is designed to be a fork of the Bitcoin blockchain.
* BCH has a larger block size than Bitcoin, which allows for faster transaction times.
* BCH is also more decentralized than Bitcoin, as it has a larger number of nodes and miners.
**Recent News**
* BCH has been in the news recently due to its increasing adoption by merchants and exchanges.
* BCH has also been in the news due to its strong performance in recent months.
**Disclaimer**
Please note that this is not financial advice and you should do your own research before investing in any cryptocurrency.
**Additional Information**
* BCH is currently trading at $ .
* BCH has a market capitalization of $ .
* BCH can be purchased on a variety of cryptocurrency exchanges.
BCH/USDT Movement in the Bullish Channel. What's Next ???💎 BCH has certainly left its mark on the market. The current movement of BCH is characterized by an ascending channel pattern, often referred to as a Bullish channel. Presently, BCH faces a notable challenge in breaking through the local resistance zone at $251.
💎 It's evident that BCH encounters consistent rejection when approaching this local resistance level. To sustain its upward trajectory and reach our target area, BCH must successfully breach this resistance, the probability which is located along the supply and resistance trendline of the ascending channel.
💎 In the event that BCH fails to overcome the resistance area in the near term, there's a possibility that BCH will undergo a retesting phase either at the demand area or along the support trendline of the ascending channel in preparation for a renewed attempt to break through the $251 resistance.
💎 In the bad scenario, should BCH retest the demand or support the trendline, it's imperative for BCH to demonstrate a rebound. Failure to do so would result in BCH losing the demand area, thus confirming a bearish momentum. In this scenario, BCH may transition from a bullish to a bearish movement, potentially retracing to the robust demand area.
BCH/USDT Analysis - Bullish Channel and Reversal SignalDescription:
We have identified a compelling trading opportunity on the BCH/USDT trading pair. Here are the key aspects of this analysis:
Trade Setup:
Pair: BCH/USDT
Pattern: Bullish channel with three confirmed contacts on the support
Breakout: The price has broken above a secondary white trendline resistance
Confirmation: The crossing of moving averages adds strength to the buy signal
Bullish Reversal: A hammer candlestick, followed by a green candle, confirms a bullish reversal
Trade Parameters:
Entry Price: As the price breaks above the white trendline resistance
Stop Loss (SL): Set the stop loss at 292.4 to manage risk
Take Profit (TP): Aim for a target price of 262
Rationale:
The BCH/USDT pair is forming a clear bullish channel with three significant bounces on the support level.
The recent breakout above the secondary white trendline resistance suggests a potential upward movement.
The crossing of moving averages further reinforces the bullish bias.
A hammer candlestick pattern, followed by a green candle, provides confirmation of a bullish reversal.
Important Considerations:
Maintain risk management by setting the stop loss at 292.4.
Target a take profit level of 262.
Monitor the trade and make adjustments as needed.
This analysis outlines a potential buying opportunity in the BCH/USDT pair, supported by a bullish channel, moving averages, and a bullish reversal candlestick pattern. Always conduct your research and exercise proper risk management. #CryptoTrading #BCHUSDT #TradingOpportunity
BCHUSDT - SHORTBCHUSDT, the trading pair for Bitcoin Cash (BCH) against the Tether (USDT) stablecoin, has shown some intriguing price action recently. It appears to be forming a rising wedge pattern following a retracement to the 61.8% Fibonacci level of the A-B impulse move.
Rising Wedge Pattern: A rising wedge is a technical chart pattern that typically indicates a potential reversal. It is characterized by converging trendlines, with the lower trendline being steeper than the upper trendline. In the context of BCHUSDT, this pattern suggests that while the price is making higher highs and higher lows, the upward momentum may be weakening.
Fibonacci Retracement: The retracement to the 61.8% Fibonacci level is a significant technical level. This level often acts as a potential support or resistance, and traders closely watch it for price reactions. In this case, the retracement to this level is noteworthy as it aligns with the formation of the rising wedge.
Trading Strategy: Waiting for a clear break of the lower trendline of the rising wedge is a prudent strategy. Typically, a breakout below the lower trendline may signal a potential reversal and a bearish move. Traders might consider shorting BCHUSDT or looking for opportunities to go long the USDT side (e.g., moving into a stablecoin) if they believe the price is about to decline.
However, it's important to exercise caution and use risk management when trading based on technical patterns. False breakouts can occur, and the market can be unpredictable. Therefore, it's crucial to confirm the breakout with other technical indicators, consider the broader market context, and set stop-loss orders to manage risk.
Additionally, staying updated with the latest news and developments related to Bitcoin Cash and the cryptocurrency market in general is essential, as external factors can influence price movements. Always ensure that your trading decisions are well-informed and aligned with your risk tolerance and trading strategy.
BCH has correction moovingThe BCH instrument showed a local preload, where the highs of the price gradually decreased, forming a figure known as a “descending triangle". This usually indicates the presence of a large participant in the coin with an increase in volumes. At the same time, there is a support level that was tested with a few touches when participants opened positions from this level and accumulated their stop losses behind it. I expect to see a gradual approach to the level with an increase in trading volumes and activity in the order book before the breakdown.
#BHSUSDT.P - GOOD PLACE TO GO LONG !When we look at #BCHUSDT.P, we see that it made a very sweet double bottom on the 1-hour chart. As a result of the fact that this double bottom is also formed at a nice support point and this is not enough, we have a total of 3 good data as a result of the Bullish Pennant being formed at the support point. of course, if we count the engulf candles etc., it seems like a very sweet trade. And i am in for a long position. The target is somewhere between $268-270.
Good luck!
No statement is investment advice !!!
