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BCH/USD LONG SET UP FOR (BULL RUN BREAKOUT)Key Highlights • BCH/USD continues to see a series of lower highs in its market valuation. • There is a likelihood that a notable move will soon experience past an upper range line at $280. • A break of either of the two range points at $280 or $240 will signal a definite price direction in BCH/USD market operations. Bitcoin Cash (BCH) Price Analysis • Major distribution territories: $320, $360, $400 • Major accumulation territories: $200, $160, $120 There has continued to be a series of lower highs in the market valuation of BCH/USD. The base-crypto has relatively risen northbound, to hit a strong distribution territory at $280 as it had earlier done on April 8. Price now hovers around $280 and $240 price values. Price now hovers around $280 and $240 price values. The bulls’ pressures are now seemingly gathering momentum on a weak mote. And, for the second time that the $280 mark touched, there is a likelihood that a notable move will soon experience past the price line earlier mentioned. IF YOU MISSED SIGNAL AND WANT TO GET IN! USE THIS SET UP BUY LIMIT BCH/USD ENTRY 1 $245.50 ENTRY 2 $238.50 SL $230 TAKE PROFIT 1 $270.50 TP.2 $306 TP.3 $336 TP.4 $360 Tp.5 $420 Tp.6 $500
BITSTAMP:BCHUSDLong
by MavRich_Trading
1
BCH USDHere we are with a perfect reversal, if this breaks above 345, the upper resistance of the ascending triangle, then real fireworks will come. It already corrected with an ABC wave, and there is a bullish divergence both on MACD and RSI. Halving is in 34 days by now. That said, we are in a bigger ascending triangle, which could propel the price to above 1000. Check my previous post about BCH if you wanna know what I mean. This post is for educational purpose, not a financial advice, if you have any questions feel free to ask. Good luck with your trades :)
COINBASE:BCHUSDLong
by darkpiggie
BCH | After Being Rejected By $501 Getting Ready For Next MoveBounced Back From Key Level Resistance $501: Hi friends welcome to the new update on Bitcoincash. Guys if you remember I posted an article on 2nd Feb 2020 where I told you that the BCH is going to hit its key level resistance at $501 at that time the price of Bitcoin cash was $378 and then it moved up to $497.53 that was very close to resistance level as I predicted in my previous post. And as I have been telling you that this is the key level resistance for the Bitcoin cash as the Bitcoin cash is not able to break out this resistance level since November 2018 once this resistance level will be broken out then Bitcoin cash can start more stronger rally towards achievement of the highest price in the history of Bitcoin cash for which many traders are waiting. But unfortunately this time again the priceline of Bitcoincash is pushed down by the resistance of $501 in very powerful manner that this time price action even broke down the previous support of $355 and after breaking down this support the Bitcoincash moved back to the next support at $304 again. At this support level the price action started consolidation and now it is likely to move up again towards the resistance level of $355. Here we also have 100 simple moving average support just beneath the 304 dollar support. Simple Moving Averages Are In Good Order: If we see the simple moving averages with the time period of 25, 50, 100, and 200 then sofar they are in good order the 25 simple moving average is above all other moving averages then just below 25 moving average we have 50 moving average after that we have 100 moving average and 200 SMA is just below all these moving averages. Sofar no moving average has formed any death cross with other moving averages. At this time we can see the 25 moving average is showing the tendency to move down to form a death cross with 50 moving average. But this death cross cannot produce the pressure that can lead to breakdown the support. If we place the Fibonacci retracement to from the recent lowest price of $170 up to recent high of $497.53 then we can examine that the price action is retraced up to the golden ratio of Fibonacci level that is 0.618 Fibonacci then it is likely to up from here.The 100 simple moving average is also playing is very important role here as it is just below this golden ratio of 0.618 Fibonacci level to provide a strong support to priceline of Bitcoin cash. Oscillators And Indicators Are Turning Bullish: If we see some other oscillators and indicators then we can observe that on daily chart all oscillators and indicators are also turning bullish. For example the price action is getting bounced from the lower bands of bollinger bands and Reletive strength inex (RSI) has already visited the oversold zone and turned bullish now. If we see the stochastic then it can be clearly seen that the stochastic has given bull cross from the oversold zone and moving average convergence divergence indicator (MACD) was strong bearish but now it has also given weak bearish signal and that is also another bullish sign. We Need The Priceline To Cross Up The Exponential Moving Averages To Back In Rally: On 2 day chart above exponential moving averages with the time period of 10 and 20 we can see that price action was moving above these EMAs from January 7th up to 18th Feb 2020. But now the priceline has crossed down these eponential moving averages and both EMAs have formed bear cross now it is really very important for the Bitcoin cash to cross up these moving averages again in order back in bullish rally. A Bullish Harmonic Pattern Is Always Helpful To Move The Priceline Back To Bullish Trend: Here a very strong bullish continuation signal is appeared and that is the formation of bullish Cypher pattern let's dig this pattern deeper and see how perfect this pattern is formed. Initial leg was started from 25 December 2019 up to 17th of January 2020 then B leg is retraced between 0.382 to 0.618 Fibonacci. Then priceline started B to C leg and projected up to 1.414 Fibonacci projection of A to B leg. Then C leg is retraced between 0.618 0.786 Fibonacci. And this is the Fibonacci projection of X to C leg here formation of bullish cypher pattern is completed and the priceline is moving up. Guys this pattern can be great help for price action of Bitcoin cash to break out $355 resistance. Ichimoku Cloud Turned More Bullish: In my previous article we have seen that the ichimoku cloud was turned bullish up to 4 days chart. But now it has turned bullish up to 1 week chart. After crossing up the cloud now the candlesticks are retesting the bearish cloud as support. The lagging span is above the price action and did not cross down the priceline but once it will cross down the priceline then we can see e a bearish trend. Here I have placed the chop zone indicator and we can see that the chop zone is turned weak bullish before that is was strong bullish from 13th of January upto 24th of February but this week it has turned weak bullish. We need to observe this indicators for next couple of days if it will be turned bullish again then candle sticks with lagging span and conversion and base lines cross up the cloud and then we can see the ichimoku even more bullish. But if this chop zone will be turned bearish from here then the BCH can face bearish trend.
COINBASE:BCHUSDLong
by moon333
3
BCHUSD LONGThis one looks nice. There is a cup and handle pattern, which could propel the price out of the ascending triangle which has an upper limit around 506$. If that happens BCH could literally go bananas just like BSV did. BSV and BCH are correlated, usually BSV makes a move, and after a while BCH repeats the same thing. If it happens right now, we could see an explosive breakout towards the upside. Just an idea, not a financial advice. Remember to set your stop losses and check my previous analysis. Good luck with your trades
COINBASE:BCHUSDLong
by darkpiggie
BCHUSD formed bullish Gartley | Upto 17% move expectedWorld's 4th ranked crypto token Bitcoin Cash (BCH) has formed bullish Gartley pattern and entered in potential reversal zone and ready for bullish reversal soon. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Lets have a look on the dimensions of SNGLS priceline's move: After initial leg (X to A) the A to B leg is retraced between 0.618 to 0.786 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci as perfectly required for Gartley pattern and now the price action is moving in potential reversal zone of this Gartley pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg, but after this bullish divergence if the candles sticks will be closed above the 0.786 Fibonacci levels then it can also lead to the long term bullish move. So as per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: $345.97 to $329.91 Sell between: $358.59 to $388.78 As per above targets this very short term 3hr chart based trade has potential to produce upto 17% gains. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not an investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic Gartley pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
COINBASE:BCHUSDLong
by moon333
2
BCHUSD likely to hit the key level resistance at $501In my previous post I depicted that After taking a powerful bullish divergence in Dec 2018 the price action made upto 608% big move after that the priceline of Bitcoin Cash was going through the price correction period since Jun 2019 Upto Dec 2019 and the most lowest point has hit the 0.786 Fibonacci projection from lowest to highest point, and in the meanwhile the price action had formed a pennant and we were waiting for the bullish divergence which could lead the price action of BCH to breakout the pennant’s resistance. www.tradingview.com Now finally we can see that the Bitcoin cash has broken out the resistance of the pennant. So far it this bullish move has produced more than 43% profit but the game is not over coz the indicators and oscillators are still turning bullish. In previous article we were waiting for exponential moving 10 to form a bull cross with EMA 20 on day chart but now the bull cross is reflected upto 3 day chart and both moving averages has crossed down the priceline and lifting the price action up. Previously the ichimoku cloud was turned bullish upto 4hr short term chart but now it has turned bullish upto day chart and lagging span has crossed up candles and cloud both and candle sticks has crossed up the cloud with strong bullish rally which is a very strong bullish sign for the future as well. And before we had bull cross from stochastic on day chart and MACD was turned strong bullish now we have stochastic bull cross upto week chart and moving average convergence divergence is turned weak bearish from strong bearish and turning bullish upto week chart. On 2 day chart the price action had formed bullish Shark as below: And now after taking the powerful bullish divergence the price action has hit the Fibonacci projection area of C to D leg and entered in sell zone of mid term trading setup a to watch it you can play the above idea. Now we have a resistance at $304.48 once the price action will able to cross up the 0.786 Fibonacci projection of C to D leg the definitely the price action will hit at this resistance and if the pricline will be able to breakout this resistance the it will move to hit the next resistance level at $355.43 and this move can be rapid after this resistance we have key level resistance of Bitcoin Cash which is at $501which is not broken since Nov 2018 once it will be broken then a new bull rally will be started. Moreover the Gartley pattern on week chart is also on the play to give more bullish power to price action as we are in the potential reversal zone of this big bullish Gartley pattern. Soon I will post more updates with the further developments in the price action of BCH. Moreover I have shared tradingview link below where you can find my all trading ideas on different assets and I have also shared Binance exchanges link with some other useful links coz Binance has largest volume of every cryptocurrency with minimum trading constraints. Regards, Atif Akbar (moon333)
COINBASE:BCHUSDLong
by moon333
1