Bitcoin Cash (BCHABC) Gaining Momentum? | How Far Up Can It Go?I was asked to look at Bitcoin Cash (BCHABCBTC) by one of our readers... On a close up of the daily chart, I didn't see much strength at first, in fact, I saw weakness and was about to close the chart.
Chart:
Then I noticed the higher lows and zoomed out to get a better picture... Bitcoin Cash actually looks good.
We can see the MACD now entering the bullish zone and showing a year-long bullish divergence.
Trading above EMA10 with a bullish (50+) RSI.
We can also see a broken down trendline.
Additional volume is missing or BCHABC can move back down... But with Bitcoin now consolidating and the altcoins turn coming, it is likely that there will be a follow-up... We believe BCHABCBTC can move higher.
Conditions for change : If BHCABCBTC moves below and closes 0.0259 BTC, the above signals become invalid and a new and updated analysis is needed.
Thanks a lot for reading.
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This is Alan Masters...
Namaste.
BCHBTC
Bitcoin Cash Breaks Resistance | 20-60% Growth PotentialBitcoin Cash (BCHBTC) has been going sideways since it hit a low point on July 15. Now, it is moving above resistance and has the potential to go higher...
Let's take a look at the chart signals together...
BCHBTC is now trading above 0.03037 or EMA50, which is the magenta line. A close above this level on the daily time frame can send BCHBTC straight to 0.03348 or EMA100, which is the blue line (this is the target that I am aiming for short-term).
Volume is really low yet BCHBTC is already trading above the main resistances EMA10 and EMA50, there is a lot of room available for growth.
Strong RSI at 61.21 | Bullish MACD.
Bitcoin Cash can easily move higher, if it moves lower, the blue dashed lines are the main support levels.
Feel free to leave a comment if you have any questions.
Thanks a lot for your support.
Namaste.
BCH short 2019 - 9 - 7.................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Support me, follow and like
$BCH, Gaining some momentum here as it flips R-->S$BCH
Gaining some momentum here as it flips resistance into support at ~.028 sats with increasing volume..
Crossed over EMA50
UCTS Buy signal on the 8H and lower TFs
RSI about to reach overbought levels.
As targets aiming for ~.030 sats (matching EMA200) and ~.033 as 2nd
#BCH
SHORT BCHUSDIn the monthly and weekly time-frames Bitcoin Cash is in a general down trend.
As we can see from the graph the Bitcoin Cash has sometimes that has decoupled from Bitcoin itself.
While Bitcoin has sometime in a general uptrend, BCH is continuing his descending into the unknown of smaller cryptocoins.
Is a good time to short around the price 300. you can enter with multiple entries to let the market give you a better Risk Reward opportunities.
Feel free to put a like , follow or comment. If you want me to predict any particular pair wright in the comments below.
BCH/USD looking PRIMED AND READY!!BCH/USD Looking tasty.
Price action is at the bottom of this uptrend channel approaching a horizontal support and trendlines.
Macd has also crossed neutral, so maybe this is a huge % move sleeping in the dark.
Alongside this, there are multiple horizontal levels that give us good areas to take profit, and create a defined stoploss below our support zone.
Fibonacci retracement also support the idea with the retracement being in that key .5-.382 area.
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BCHABCBTC Analysis 8/13/19Bitcoin Cash showed a strong gain yesterday with a +10% gain against bitcoin. The pair has managed to break through its short-term downtrend.
Current upward movement was back up by a strong increase in volume indicating the presence of buyers.
However, the pair is not out the woods as the pair has been evolving in a steep downtrend, making lower lows and lower highs at a frenetic pace.
We would await Bitcoin Cash to establish a new high, the former one sitting at 0.035. This would support the short-term rebound and could induce a short-term uptrend.
We are seeing some weakness in the trend, therefore indicating a possible pullback to come. Traders will be closely watching how the pair react to its former downtrend resistance. As buyer weren't able to make a new high, a failure to defend this support could lead the coin toward new lows in the near future.
Raphaël Comte
Investment Analyst at Token Metrics
Disclosure: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. Its principal has advised and invested in many blockchain companies. A complete list of his disclosures, advisory roles and current holdings can be viewed here: ianbalina.com .
$BCHABC, Pushing from .026 support $BCHABC $BCH/ $BTC
Pushing from .026 support, crossed over mid resistance at .028 with UCTS Buy signal...
If managed to flip it to support, we can aim for a new leg up with target .033 sats..
EMA50 acting as resistance, crossing over it is also a bullish signal..
#BCHABC #BCH
BCHBTC - H&SBCHBTC - H&S
Open Short at 0.0321
Close at 0.0301
Stop Loss: 0.0326
Risk/Reward Ratio: 4
BCHBTC - Ascending WedgeBCHBTC - Ascending Wedge
Open short at 0.0336
Close at 0.0296
Stop Loss: 0.03451
Risk/Reward ratio - 4.4
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