#BCH has lost the trend line support on the daily chart. Let's see how it will play with the Ichimoku cloud. If it breaks the cloud to the downside, it can fall to its next support levels, which are $428.8(EMA100) and $349.6(EMA200).
📊 Analysis:
Support Retracement: Bitcoin Cash (BCH) has undergone two substantial upward waves, followed by a retracement to a key support area.
Entry Range: Consider entering the trade around $500, aligning with the current support level.
Profit Targets: Aim for profits at $630 or $750, potential resistance levels.
Risk Management: Set a stop-loss based on daily...
We described in detail about such a project as Bitcoin Cash and our global vision of the CRYPTOCAP:BCH price movement in our previous idea, almost 2 years ago)
Since then, the #BCHUSDT price has made a modest x9
Looking at the #BCHUSD chart now, it seems that 5 waves of growth have already passed, and now the A-B-C correction process is underway.
Do we...
BCHUSDT is displaying a potential rounding bottom formation, suggesting the formation of a cup and handle pattern upon price testing the neckline area. Our plan involves accumulating the coin towards the immediate buyback zone while focusing on the crucial demand level, currently acting as significant support.
The rounding bottom neckline is identified as a...
LONG #BCHUSDT from $516 stop loss $501
15m TF. The instrument is locally located sideways, the price has managed to gain a foothold over the previous previously broken sideways long, formed an excellent cascade for continued growth, which continues to maintain unrealized liquidity, trading volumes have fallen noticeably, I expect to see an increase in buyer...
💎 Paradisers, the recent market dynamics surrounding #BCH have indeed been noteworthy. With a bounce from the demand area, there's momentum for BCH to continue its upward movement.
💎 A valid bounce from this area could signal a return to upward momentum, potentially leading to a back test of our target strong resistance area.
💎 However, if BCH fails to bounce...
Keep an eye on the #BCH/USDT Diagonal Trendline in 4-Hour TF!
CRYPTOCAP:BCH needs to clear the trendline and PDH $489.6 resistance level to gain bullish momentum. The strong support level is PWL $443.5 and the resistance level for #BCHUSDT is FWB:PMH $694.7.
Possible short for BCH. Immediate zone was broken and price is expected to further go down. Look for a confirmation candle on a retest area before going short for a good risk reward.
After a successful accumulation phase, BCH experienced significant growth in June 2023, rising from $90.6 to $330.1, representing an increase of over 267%. This was followed by a new accumulation phase, with the subsequent resumption of an upward trend.
BCH has reached the trendline twice, which serves as support. The volume profile confirms the stability of the...
SHORT #BCHUSDT from $466.32
15m TF. The instrument has formed a descending structure in the form of a triangle, lowering the passing volume and price highs along the trend line, which indicates the weakness of buyers and the strength of sellers. The price is being squeezed towards a cluster of support levels with several touches, behind which unrealized...
BCH - Perfect Short hit TP. NEW entry at PoC or VWAP
I think we`ll fake a pullback to $500 or lover but we need goog entry point
at this moment i see 2 areas where i`ll take new short
1st) at PoC
2nd) at VWAP
watch full update
hello
watch out BCH for short position. you can see setup on the chart.
i could be good with 3x leverage.
i think the price will go down after hitting 590~ level
good day traders BCH looks bottomed, lets take a long position and see the results, good luck to yo all, no financial advice only educational pourposes
**BCH trading plan **
The coin did last pump without Oi increase
that's the 1st signal for reversal
we can trade 2 things
1st - Big SL hunt (knife) at key level
$650 or $694
2nd - break down
watch full plan
Bitcoin Cash may test 657 before moving lower
Yesterday Bitcoin Cash broke out from a strong support zone located near 657.
The same broken support now turned into resistance can be tested again before the price
moves down more.
I expect Bitcoin Cash to test 595 and 570 initially as the price develops.
However, it can also move lower on a larger time frame.
I...
This is a friendly, and hopefully timely, reminder to all my readers, followers and supporters — Bitcoin Cash is about to crash.
Well, not crash but we are going to see a drop and this is likely headed toward MA200... Please join me while I read this chart.
What do we have here?
We are looking at the daily timeframe.
Based on candlestick reading we can spot...
