BCHUSDT trade ideas
BCH analysisThe price has reached the resistance zone and RSI just hit over-buy area. It is very likely a small pull back would be happening. For now it's still under a consolidation area and we didn't see an exact evidence of breaking the consolidation. Will need to check if the pullback can stand above 300 then we can look for a long trade.
One day analysis of BCHUSDTfirst check the 4-hour chart, the downtrend triangle chose to break down to the downside, then in the 1-hour timeframe, it pullbacks and tested the resistance level while forming a double top. Now to confirm if this short-term reversal works, we will need to see some selling pressures to help us short the market. If the next candle closes above the blue box, It's a bad signal for bears.
BCHUSDT Market AnalysisThe support level has been broken with great volume. In a downtrend with the price creating a lower low, the previous low is slated to break thus 262 is not able to be a support anymore. The next support we can find in the history chart is at 237. Now the price is trying to pull back but resisted by the used to be a support but now-resistance level. It could get a chance to touch MA50 first though then go down again.
BCHUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. Te price has had a sharp fall in the bearish channel. It has shown reaction to the S1 line. You can set a Buy order here for the R1 area which is a supply area and also R2. The S2 zone is also another good area where you can set another Buy order. You can set two Buy orders. One at the S1 line and the other at the S2 zone for the next resistance.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
usAnalysis BCHUSDTHello friends,
Welcome to these analyses about BCHUSDT , we take look at the 1D time frame.
Support points ( 260 . 235 )
And
Resistance points ( 380 . 490 . 560 . 780 . 1100 )
Has been specified
The information is provided only for educational purposes, and should not be used to take action in the markets.
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One day analysis of BCHUSDTIn 15mins chart we can spot a downtrend triangle, In this type of consolidation, the ultimate direction is still going down when we are under a big downtrend. With the volume winding down from the left to the right side, It could be a good chance to sell out when this triangle is broken down. Or after breakout the downside, it should have a pullback with meager volume, while below the horizontal neckline of the triangle.
One day analysis of BCHUSDTWith the price going below MA 50, MACD gives us a different view which is the selling pressure is about to wind down. 280 is a support level and the next level would be 260. If this candle could end up above within the lower wick(white ellipse) then we have a chance to rally up again.
One day analysis of BCHUSDTswitch to a smaller timeframe, we are still in an uptrend channel, and it's 's about to breakout. Meanwhile, this area has been acting as a high-value area since 22 Jan, with loads of resistance here. The good thing is the MACD indicator stated to mount above 0 and ATR keeps low position, there could add up some confidence towards the bull.
One day analysis of BCHUSDTthe market fluctuation has been winding down in the past day, It highly likely will go up and fight for the first resistance level(302-310). For bears, it might be able to gain a small pullback first (create a higher low in the chart) then let the bulls rally up again to test the resistance.
Bitcoin Cash (BCH) Buy ZoneBitcoin Cash (BCH) Buy Zone
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BIAS
Mid-Term : Bullish
Long-Term : Neutral
Risk : Medium
With the bigger picture remaining bullish, the shorter time frame picture has become pretty grim for the bulls. Currently ranging at around $290, Bitcoin Cash has reached the major long-term support we've been forming for the last 3-4 days and one that when broken trend-line will determine where we'll be heading to all targets for the next two weeks.
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$BCH/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 270 - 295
TP 1 : 304
TP 2 : 317
TP 3 : 331
TP 4 : 360
TP 5 : 384
TP 6 : 405
TP 7 : 431
TP 8 : 472.5
Stop Loss : 244
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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One day analysis of BCHUSDTYesterday it tested the previous low again and we can see it has been broken. For now we have a lower high looks like we heading down again.
Blitz Bear: follow the downtrend either we create a big triangle then narrow down to choose a direction or we just heading down and create a lower low. both way would require a continuation of downtrend for a while.
Blitz Bull: the market still shows the power to prevent the price going down further(mostly related with the Fed rise rate but now the sentiment has been cool down), that why the bears couldn't push the price much more. and MACD appeared a divergence. probably can see a rebound goes above 300 soon.
BCHUSDT Market AnalysisNow is the consolidation after a freefall. The lowest price touches 265 which means the market price now only covers 8 percent back.
Blitz bear: With the selling, the pressure keeps going on after this short-term consolidation, we might still head down to test the previous low again.
Blitz Bull: Lots of people still want to buy at the dip and it's a good time to expect a decent rebound, normally would be 2/3 (around 338).
