- BCHUSDT is printing a falling wedge pattern.
- This is reversal pattern.
- A bullish pattern to be precise.
- Price is testing the falling wedge's resistance.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance and the horizontal resistance level (R1).
- Horizontal resistance level...
BCHUSDT is printing an ascending channel on the Daily timeframe.
Price got rejected off the channel resistance as is currently at the mid channel region.
Breakdown below the ascending trendline support could lead to a retest of the ascending channel support.
. There is a possibility of temporary retracement to suggested support line (0.0143). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. Bitcoin Cash/Bitcoin BCHBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as...
BCHUSDT has been printing an ascending channel since March.
Price Is testing the ascending channel support.
We could see a bounce off the channel support ⬆️ or a breakdown below the channel support ⬇️.
Possible price actions indicated on the chart.
While the price is above the support 0.0235, beginning of uptrend is expected.
We make sure when the resistance at 0.0480 breaks.
If the support at 0.0235 is broken, the short-term forecast -beginning of uptrend- will be invalid.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is...
Potential short position on 1H BCH/BTC Chart, based upon S/R Levels, number of retests and 25MA/99MA cross. Price has already had time to react from the 7MA/99MA cross on the 1H and now expecting a reaction from the 25MA/99MA cross.
Hi, Traders ! Monfex is on the air !
Bitcoin Cash stays on the track towards the next target level of $350.
* We have seen a very positive dynamic of BCH price recently, while the coin has successfully made its way from $200 to $300, within a couple of weeks.
* As BCH network halvening approaches, many of market participants expect the price of BCH to surge,...
Hello, dear Traders!
Monfex is at your service and today we overview BCH/BTC.
After the price had plummeted to the support line, a triangle formed. Near the triangle's resistance we have MA50 , the breakdown of which will be a confirmation of a bullish scenario to the next green resistance zones.
But there can also be an another script. By breakout the support...
Ok, hope we have all been enjoying the crypto volatility :)
Ok so where next. I will will stick to just the3 bitmex coins since keeps it simple.
Ok so out of those coins i can onl;y see that TRX is worth shorting and BCH and most likely ADA after the first correction btc makes. COINBASE:BCHBTC
I have only done the chart for BCH, but as you can see rsi we make...
Enter a short position if the descending triangle breaks down. Aligns perfectly with the previous descending triangle target. But wait for confirmation of breakdown WITH VOLUME before taking a position
While the price is above the support 0.0652, beginning of uptrend is expected.
We make sure when the resistance at 0.0980 breaks.
If the support at 0.0652 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg...
. While the price is above the support 0.0655, beginning of uptrend is expected.
. We make sure when the resistance at 0.0980 breaks.
. If the support at 0.0655 is broken, the short-term forecast -beginning of uptrend- will be invalid.
. We will close our open trades, if the Midterm level 0.0655 is broken.
. The Falling...
*There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.1210 would begin in Midterm.
. The RSI bounced from the support #1 at 35 and it prevented price from more losses.
. While the RSI downtrend #2 is not broken, bearish wave in price would continue.
. Price is...
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.1210). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the...