BCH/USDT Might Be Smashed By Bears 🐻 🐻 🐻 📉 BCH/USDT | Potential Downward Movement
💡 Sell Limit Order @ 562.69
🎯 Target Profit 512.27
🛑 Stop Loss 587.68
❌ Do not risk more than 1% of your account on each trade
Description:
The coin succeeded to break the continuation patter or the bearish flag to the downside. A correction might be seen to the strong resistance (highlighted zone) before a move downward in the same direction of the main trend.
-------------------------------------------------------------------------------------
Please press “Like” if you appreciate the trading idea 👍
“Follow” for more trading ideas in the future 👀
“Comment” below to share your thoughts with us and other traders 👥
-------------------------------------------------------------------------------------
Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
-------------------------------------------------------------------------------------
🙂 Good Luck!
Bchusdt
BCHUSD Longs are at record ATH and growing, but why?Today I noticed the spike in BCHUSD longs that has been maintained at a record ATH for weeks and growing. So I checked their website, their telegram, their twitter, and CMCal but there were absolutely no information whatsoever about any announcement or something being cooked... till a friend of mine, provided me with the link:
smartbch.org
And to my surprise, a smart chain is being developed for BCH and the test net is live since April 30th.
If you are Bitcoin Cash fan, you'd say I was living under the rock for now knowing about this. And you're right, I am not a BCH fan. But this fundamental news about BCH smart chain got my attention.
Is it time to jump onboard? Well, I will keep an eye on it... but not sure when the time is right to jump onboard in this blooded market unless a breakthrough announcement is made or BTC shows some strength.
If you have any fundamental info about BCH or SmartBCH, kindly share it below. Thank you in advance.
BCHUSDT how the price will behave.As we can see on the 4 hour timeframe, the price is approaching the resistance line at $ 822. If the price breaks the resistance level and consolidates behind it, there is a chance of growth to $ 1155. If the price bounces off the resistance level, it could drop to $ 500.
If you like the idea, subscribe and like it.
Good luck and big profits.
BCHUSDT how the price will behave.As we can see on the 4 hour timeframe, the price is approaching the resistance line at $ 822. If the price breaks the resistance level and consolidates behind it, there is a chance of growth to $ 1155. If the price bounces off the resistance level, it could drop to $ 500.
If you like the idea, subscribe and like it.
Good luck and big profits.
BCH - Ready for $1750? Hi, this is my new update for BCH. 4 days ago we lost our support level around $1300 and we tested the previous top around $1160 and it held very well. Now we have made a beautiful double bottom and we are battling against the resistance level $1300, so once we break it we are going to test the next one around $1500-1550 and if we break that too, then the next one is very big an it is around $1750. If we break the resistance $1750 then we are ready for ATH. So be prepared and don't panic ;)