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BCH at a solid resistanceHello guys, Quick update on the price of Bitcoin Cash (BCH). The coin is now sitting at $594 after reaching $630 in the early hours of trading. The zone in front of bulls represents a solid resistance cluster from back in the day. I'm talking about the $630-$660 zone that combines both daily and weekly timeframes highs. A break above that level will open the door for $850. Down, I will be looking for support near $570 and $500. It is quite possible for the price to revisit $570 and consolidate before re-attempting to surpass the above-mentioned first level of resistance. I'll be watching how the price evolves from here, updating you accordingly for entry levels. Regards,
KRAKEN:BCHUSD
by FutureBlockchain
5
Bitcoin Cash (BCH) - January 10Happy New Year!!! Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- We have to see if we can get support by ascending to the 574.28197715-602.96555936 section. If it falls at the point of 435.40010001, a Stop Loss is required to preserve profit and loss. (1W chart) It broke above the 435.40010001-501.0 section, breaking from the lows section. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto
4
Bitcoin Cash (BCH) - January 3Happy New Year!!! Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It remains to be seen if it can rise along the uptrend line (2) and then break above the 367.31848226 point. If you get support at 367.31848226, we expect further gains. If it falls between 278.26196606-293.00097721, then Stop Loss is required to preserve profit or loss. We must watch for movement to ascend above the 435.40010001 point. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto
1
new year ,new beginning! our first analysis for BCH/USDT!Hi every one BITCOIN CASH / TETHERUS happy new year!! in our first analysis of 2021 we want to talk about some interesting stuff about BCH/USDT ! so if you look at the chart you can see that the chart is in a Elliot wave principle but it's not a normal wave pattern It's flat wave pattern!( ((B)) is as high as wave 5 so ((C)) can't go lower than A) there is also a regular bearish divergence(-RD) which will make it more likely to happen. anyway tree trader team wishes you the best of things! may you always be healthy and rich! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast Thank you for seeing idea . Have a nice day and Good luck.
by CobraVanguard
10