BCH
HIGHLY IMPORTANT DECISION TIME FOR BCH!Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity.
Bitcoin Cash is high volume coin. Which is a good thing in a bull market.
But right now we are in bear market and at a very important price zone for bitcoin cash!
277 is a massive support area.
If you look at number 5 on the chart, you shall see price action was around 277 for over 2 months.
After the breakout above price went parabolic rising 5x.
Also if you check number 1-2-3-4 on the charts, you will see everytime price break above 277 area and retest it, bch lose value and drop to the 200 price zone.
Support areas
277
255
200
Resistance areas
292
318
342
386
Short term outlook;
If we cant hold 277 now, we will probably see 200 price zone again!
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BCH trend lines#BCH/USDT
$BCH is trading between weekly ascending trend lines, also parallel descending trend line from all time high make resistance for price.
🐮 break out from descending resistance will increase price to ascending resistance that is the same with resistance zone around 0.382 fib level, and break out this zone will head up price to resistance zone between 0.5 and 0.618 fib levels.
🐻 rejection from descending resistance will drop price to ascending support that is so week because of so many touches and will drop more to long term support around $200.
BCHUSD Potential for Bearish Dip | 20th April 2022We see the price is near pivot level and it is on a bearish momentum. Price can potentially dip from sell entry level of 341.00 in line with the 78.6% Fibonacci retracement towards the take profit level of 315.14 in line with 100% Fibonacci projection and 61.8% Fibonacci retracement . Alternatively, price might break through the key resistance structure and head for our stop loss level of 353.35 in line with 100% Fibonacci projection and 161.8% Fibonacci extension .
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BCHUSD Potential for Bearish Dip | 20th April 2022We see the price is near pivot level and it is on a bearish momentum. Price can potentially dip from 1st resistance level of 341.00 in line with the 78.6% Fibonacci retracement towards the 1st support level of 315.14 in line with 100% Fibonacci projection and 61.8% Fibonacci retracement. Alternatively, price might break through the key resistance structure and head for our 2nd resistance level of 353.35 in line with 100% Fibonacci projection and 161.8% Fibonacci extension.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
BCH weekly looking for a huge breakout?BCH weekly is looking great...i wanted to show the big picture here.
We are about to see a giant launch in price
in the coming weeks
to few months
in my opinion. Look at the oarnge circle. everything BCH needs to
break, is in this circle.
we have the Bull Market support band, 50/100 day ema, and
trendline. from $295-$470 is the range we need to break...thats it.
look at the concervative price targets...these are low what this chart
is capable of...i just want to show this here.
BCHUSD Potential for Bearish Dip | 14th April 2022Price is on a bearish momentum. We see a potential for bearish dip from sell entry level of 349.95 in line with 61.8% Fibonacci retracement towards take profit level of 318.11 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci projection. Our bearish bias is supported by price trading below Ichimoku cloud.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
40% return for Solana by year end.I believe we are repeating history. The weeks I have circled seem oddly similar. Historical trends are coming together into a bullish wedge. Plenty of Crypto contracts are set to expire in June, which is oddly the same time these historical trends converge. My price target for Solana is 140 floor price, 330 at its peak. Anything more than that might be a bit over done.
BITCOIN CASH LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on BITCOIN CASH as price action shifted the market strucutre from bearish into bullish making the retracement move back into the bullish orderblock area on the H4 exactly on the psychological figure 300$. We also had a lot of wicks pressure aka buyers getting in on 280$ price area.
What do you think ? Comment below..
BCHUSD about to break a 1 year Resistance line!Bitcoin Cash (BCHUSD) has been trading below a Lower Highs trend-line since the May 12 2021 High. So far we've had 3 major rejections on that trend-line. However the time may have come that we will finally see a bullish break-out above the Lower Highs, as BCH has been trading within a Channel Up (dashed lines) since the January 24 market bottom. If the price tests the Lower Highs again, it will be the soonest double test in that span.
The obvious immediate Resistance levels if a break-out takes place, will be the 1D MA200 (orange trend-line) and mostly the 1W MA50 (red trend-line). Above the Resistance Band of 735.00 - 809.00, Bitcoin Cash enters a new long-term parabolic rally.
Note that what gives more chances to the upside right now is the fact that the 1W RSI is above its MA. If the MA holds as a Support, it will further boost the bullish potential.
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Bitcoin Cash Strong Breakout Confirmed by VolumeWe can see a strong bullish breakout happening today for Bitcoin Cash, BCHBTC, as prices move above EMA10/50/100...
This breakout is confirmed by good volume, which will continue to increase before the day closes.
The targets are mapped on the chart.
Namaste.
BCH / USD Main trend. Channel. 1 week.Main trend. Term 1 week. From the breakdown of the big triangle, the pumping is more + 500% Rollback. As a result, a channel was formed. Work in it. The potential is very significant.
Under the idea, I consolidated my ideas of working on this coin over the past year, both medium-term and local in nature.
BCH/USD Mid-term work in the channel.
BCH 1WAn uptrend line is a straight line drawn upward to the right that connects 2 or more low points. The second low must be higher than the first for the line to have an upward incline. Uptrend lines act as support and indicate that there is more demand than supply, even as the price rises.
entry after retest uptrend line.
A retest refers to prices reversing direction after a break and returning to the breakout level to see if it will hold.
Bitcoin Cash can reach 400-420$BCH has started a Bullish Trend & we can See an Ascending Channel On The Chart. The Price is gonna Need to Decrease a little more For it would Become Ready to Ascend Further. a Support Stands at 300$ .This Should be a Good Point for Price to React to & Continue The Bullish Movement From There.There is also a Hidden Bullish Divergence (+HD) on MACD which Means There is a High Bullish Chance For BitcoinCash! The Price can Increase up to 400-420$ for now.
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Thank you for seeing idea .
Have a nice day and Good luck