BCH Bitcoin Cash: 1D & 1M Chart ReviewHello friends, today you can review the technical analysis idea on a 1D and 1M linear scale chart for Bitcoin Cash (BCHUSD).
See the Bitcoin Cash price on the 1M (left chart) and 1D (right chart). On the 1D chart there is a ascending triangle bull flag forming with the measured move around the 0.50 Fibonacci Retracement area (on 1M chart). 200 SMA, RSI, and Ichimoku Cloud are included in the analysis.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
BCH
BCHUSDT - Long Setup!
BCHUSDT (1D Chart) Technical analysis
BCHUSDT (1D Chart) Currently trading at $360
Buy level: Above $361
Stop loss: Below $270
Target 1: $400
Target 2: $452
Target 3: 529
Target 4: $650
Max Leverage 2x / Spot Market
Always keep Stop loss
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Bulls are again attempting to push through $360-levelBitcoin Cash coin approaching the crucial supply zone after drawing the triple bottom formation over the daily price chart.
Bitcoin Cash reclaimed 8% market capitalization, which is now at $6,74 Billion.
The daily bitcoin cash price EMA ribbon as seen above the red ribbon of the indicator supports a bullish trend but the digital asset price is still below the 200-EMA (yellow). Moreover, Stoch RSI is looking flat in the overbought area concerning the regular price graph. Nevertheless, the Average Directional Index shows a slightly bullish trend for the Bitcoin Cash coin.
It looks like Bitcoin Cash holders don't want to miss out on a buying opportunity and may be able to jump the crypto price above the supply zone. On the other hand, if they fail to go up, they may again face a pullback.
Support level - $300 and $280
Resistance level - $360 and $470
Bitcoin Cash (BCH) Sell ZoneBitcoin Cash (BCH) Sell Zone
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BIAS
Mid-Term : Neutral
Long-Term : Bullish
Risk : High
Short-term scalping and expecting a formed bearish pattern, currently its facing out the mid-term resistance zone which is potential reversal zone of it.
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$BCH/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 324 - 335
TP 1 : 320
TP 2 : 315.75
TP 3 : 310
TP 4 : 306
TP 5 : 301.2
TP 6 : 295.5
TP 7 : 292
TP 8 : 287
Stop Loss : 344.44
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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#BCHUSDT looks prime for 500% Rally!Welcome to this quick BCH/USDT 1day analysis in the chart.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-#BCH/USDT looks triangle pattern create and 500% Rally confirms and long term hold!
Entry:-$262
$317
Target:- 400% TO 500%
Stoploss:-$210
With leverage 3x to 5x
And long term hold and good profit 😉🙂😊✈️✈️
Q:-What do you think about this?
Do you think we will see a new ATH of BCH in the next quarter?
Share your views in the comment section.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
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BCHUSD : There is a potential double bottom in day chart!On the left side is the 4h timeframe
The price hit the TP1 : 342.4 and the next TP as below
TP2 : 349.6
TP3 : 364.9
On the right side is the day chart
If the price hit the TP3: 364.9 and stand firm ,that will make the potential double bottom confirm!
And the TP as below
For day chart
TP1 :390.7
TP2 :402.1
TP3 :426.4
TP4 :455.8
If you like this analysis, give it a like or share your thought or let me know what crypto TA you want to know.
BCH bears drive price to $266.5 lower low after a downswingBitcoin Cash price analysis is bearish. Price has been reduced up to $266.5. Support for BCH/USD is present at $259.
The Bitcoin cash price analysis is firmly bearish for the day as the price has decreased to $266.5 in the last four hours. The bears have regained their momentum in a steady manner and crashed the market spectacularly. The recent bearish drive started back on 16th February, when bears halted the BCH price from going above the $343 level by causing a shift in the trends. The price action has been downwards for the entire last week, and a heavy sell-off has been observed today, which has brought the price down to the 13th December 2020 level, quite an unfavorable situation for the crypto pair.
NEED HELP WITH ALTCOINS?Hey, I've decided to do a few analyses for you guys.
This week we will see a very complex market.
All you need to do is CLICK LIKE, name a coin, and tell me if you need the short-term or the long-term analysis. And I will analyze the "most mentioned" coins for you guys.
Follow me to get the analysis you asked for.
Happy Trading
Good Luck