Crypto2AF

BCH/USDT - Bitcoin Cash: Resistance_Breakout_Confirmation

Crypto2AF Updated   
BINANCE:BCHUSDT   Bitcoin Cash / TetherUS
◳◱ A Resistance Breakout and Confirmation has been detected on the $BCH / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 135.6 | 146.6 | 164.6, and the major support zones can be found at 117.6 | 110.6 | 92.6. Consider entering a trade at the current price zone of 123.9 and targeting higher levels.

◰◲ General info:
▣ Name: Bitcoin Cash
▣ Rank: 29
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex
▣ Category/Sector: Payments - Currencies
▣ Overview: Bitcoin Cash is a Bitcoin hard fork advocating for and building towards a literal interpretation of Bitcoin as a "peer-to-peer electronic cash system". It views cheap peer to peer transactions as the core value proposition of the network and is dedicated to increasing block sizes and on-chain transaction throughput in pursuit of this goal. Bitcoin Cash believes that starting as a medium of exchange is the superior route to becoming money in opposition to Bitcoin's strategy of first optimizing for securely storing value.

◰◲ Technical Metrics:
▣ Mrkt Price: 123.9 ₮
▣ 24HVol: 7,823,626.201 ₮
▣ 24H Chng: 2.993%
▣ 7-Days Chng: -1.69%
▣ 1-Month Chng: -8.22%
▣ 3-Months Chng: 26.08%

◲◰ Pivot Points - Levels:
◥ Resistance: 135.6 | 146.6 | 164.6
◢ Support: 117.6 | 110.6 | 92.6

◱◳ Indicators recommendation:
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY

◰◲ Technical Indicators Summary: BUY

◲◰ Sharpe Ratios:
▣ Last 30D: -1.46
▣ Last 90D: 1.43
▣ Last 1-Y: -0.97
▣ Last 3-Y: 0.33
◲◰ Volatility:
▣ Last 30D: 0.67
▣ Last 90D: 0.59
▣ Last 1-Y: 0.82
▣ Last 3-Y: 1.02

◳◰ Market Sentiment Index:
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.56 - Bullish
▣ Reddit sentiment score is 0.68 - Bullish

▣ In-depth BCHUSDT technical analysis on Tradingview TA page


▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!

◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.

Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
Trade active:
Bittrex
#BCH/USDT Take-Profit target 1 ✅
Profit: 2.9863% 📈
Period: 1 Days 5 Hours 12 Minutes ⏰
Trade active:
Bittrex, Binance
#BCH/USDT Take-Profit target 2 ✅
Profit: 4.9952% 📈
Period: 1 Days 5 Hours 12 Minutes ⏰
Trade active:
Binance, ByBit Spot, Huobi.pro, KuCoin
#BCH/USDT Take-Profit target 4 ✅
Profit: 7.0016% 📈
Period: 2 Months 23 Days 20 Hours 31 Minutes ⏰

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.