BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin cash (BCH) was a notable gainer in today’s session, as the cryptocurrency climbed for a second straight day.
Following a low of 206.86 to start the week, BCH/USD peaked at 213.89 earlier in today’s session.
The move saw bitcoin cash close in on a resistance level of 225, which was last reached on September 18.
the move comes as the 10-day (red) moving average remained above its 25-day (blue) counterpart.
the relative strength index (RSI) has broken out of a ceiling at 52.00 and is now tracking at 54.50.
A point of resistance at 60.00 now seems to be the next target for bulls, and if hit, BCH will more than likely be above 225.
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Bchusdt
BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis:
Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 – $150. The nearest Resistance Zone is $250, then $330.
BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis:
Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 – $150. The nearest Resistance Zone is $250, then $330.
Bitcoin Cash on the riseHi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash reached upper bound of 200-220 resistance area on the news that Grayscale won case against SEC. This didn't last long though. Basically on the next day all optimism gone from the markets and price started to plunge again.
Unlike Bitcoin, which returned to 26k, Bitcoin Cash stayed within resistance area and didn't plunge under 200 price level. This is good news for Bitcoin Cash since if there will be some correction on Bitcoin then BCH price can rise up to 230-240 levels. But in mid-term I don't expect that Bitcoin Cash will rise much higher than 240 price and most likely it will continue to plunge.
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BCH: Channel Down BreakoutBitcoin Cash (BCH) technical analysis:
Trade setup : Bullish breakout from Channel Down pattern and above $200 resistance, with big volumes, could signal that the price is finished with consolidation, the supply from sellers has been finally fully absorbed and price can resume its long-term uptrend. Price could revisit $250 resistance.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend on Short-Term basis and Neutral on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $140 – $150. The nearest Resistance Zone is $200, which it broke, then $250 and $330.
BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Another big mover on Monday was Bitcoin Cash (BCH), which surged by as much as 5% in today’s session.
Following a low of 205.78 on Sunday, BCH/USD rallied to an intraday high of 221.88 to start the week.
bitcoin cash briefly broke out of a ceiling at 222.00, hitting a three-week high in the process.
This surge has pushed price strength to a collision with a resistance level of its own, at the 60.00 mark.
The index is tracking marginally above this point at 61.44, which is the highest area it has hit since July.
Should it continue to move past the aforementioned ceiling, there is a chance that BCH will be near 240.00 in the coming days.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BCH drop to $130BCH looks like it has one more drop to it, perhaps to the 0.886 fibonacci around $130 roughly.
It has been channeling nicely, which can help us determine the bottom as we get closer.
I circled the Fixed Range volume that I suspect marks where the drop will stop.
There is a Demand zone marked in green at this same area too.
This will be the end of the retrace, then BCH will start the next major pump.
Even though I will mark this chart as Short, I am long term Long.
BCHUSD Chart Resembles 2019: Potential Surge to $297 and $463Hello dear traders!
BITSTAMP:BCHUSD appears to be mirroring its 2019 price action closely. 📈 There's potential for further upward movement towards the $297 and $463 levels. These price zones align with the ascending Fibonacci channel and historical support/resistance areas.
The $200 support level holds significant sway, a pivotal point for both bulls and bears. 🐂🐻 A breach below $200 could signal a deeper price decline – an essential factor to monitor.
Conversely, a compelling signal emerges on the weekly chart, hinting at a price surge towards $300 and $460. 🚀 This optimism stems from hidden bullish divergence and a resemblance to the 2019 price patterns. Keep a keen eye on these developments. 👀
A delicious bait called BCHThis currency is in a falling trend, and after the fake exit from the descending channel, we see the fall of this currency, and we can consider this fall as a good position for shorts, so we have determined the support and resistance ranges and entry into this currency on the chart.
BCHUSDTThis is a 1W frame analysis for BCHUSDT We used a higher time frame to better understand our market, which shows you the two-peak, two-trough pattern. As you can see, the price is in a pullback and has been able to establish itself above it. We expect it to move towards our resistance line in the mid-term. Be aware that if it breaks below our first support line, it can see lower numbers.
BCH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this BCH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Bitcoin cash (BCH) rose by as much as 6% on Tuesday, as bulls returned to the market following recent declines in price.
After falling to a low of 181.38 to start the week, BCH/USD raced to a peak of 198.93 earlier in the day.
This rally saw bitcoin cash snap a four-day losing streak, which pushed the price close to a support level of 180.00.
it appears that this was the trigger bulls needed in order to return to the market.
The 14-day relative strength index (RSI) also bounced at its own floor at the 35.00 mark and is now tracking at 37.58.
Should today’s momentum extend through the rest of the week, there is a good chance that BCH will rise towards a critical resistance level of 220.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BCH/USDT is Ready For Bullish Rally | Bitcoin Cash Analysis💎Yello Paradisers! Get ready for an exhilarating journey with BCHUSDT. Right now, it's comfortably positioned in a demand zone, hinting at a potential bullish surge.
💎Currently, BCH is holding onto a crucial support level, moving within a specified boundary. A bearish order block has posed some challenges within this territory.
💎The momentum seems to be building, and there's a strong chance the price will break through the order block, aiming for the above supply zone.
💎However, if the bears take control and the price drops beneath the support, it might pave the way for a prime shorting scenario.
💎Stay tuned for more strategic trading insights from us! 🌴
Bitcoin Cash broke 200 levelHi guys, let's review the current situation on Bitcoin Cash.
In my previous post I indicated that if Bitcoin falls under 28k then Bitcoin Cash drops under 200 level and that's what happened here. Bitcoin dropped up to 25k and Bitcoin Cash almost touched 160.
As it shown on the chart BCH almost touched upper bound of 160-145 support area and I think that now this area will play important role for Bitcoin Cash. I don't think that this level will be broken any time soon as I don't expect Bitcoin to break 25k support either. But probably BCH price now will be fluctuating between 160 and 200 prices.
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BCH/USDT Potential Rejection And Continue Upward Movement Hello Paradisers, turn your attention to this token!
💎 BCH, also following BTC's sharp decline to $24k, has breached its demand zone.
💎Currently, BCH might rise to form a new leg before either continuing its descent or heading straight to the Bullish Order Block or untouched demand zone.
💎Typically, a fresh demand zone witnesses a strong bounce-back, given that it remains untapped. Such areas often house a significant number of buyers and accumulation activities.
Bitcoin Cash just reached 200 price.Hi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash just reached my main target at 200 price. This is lower bound of 220-200 support level. In my previous ideas I indicated that it's very likely that BCH will touch that level. It took some time but eventually Bitcoin Cash has reached 200 level.
Now there are view options how BCH price can behave at that level.
Option 1: Price can correct to 220-230 price and from there slowly drop back to 200 level.
Option 2: Price can consolidate at 200-220 price range and after some time drop under 200 level.
Option 3: If Bitcoin falls under 28k then BCH drops under 200 level.
I expect that there will be some correction up to 220 price and from there drop to 200 again. Let see how it goes.
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Bitcoin Cash just broke it local support at 235 price levelHi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash just broke it local support at 235 price level and almost touched upper bound of 218-200 support area. As I indicated in my previous ideas I wait 200 price level after which there might be some correction phase. Before BCH will reach this level I don't expect any significant correction. Otherwise everything goes as expected and I think that very soon we'll see Bitcoin Cash at 200 price.
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BCH LONG h4 / BEST SIGNAL Hello dear traders,
This asset has attractive technical conditions for long trades, as breaking the downtrend line could lead to significant profits from this currency.
I have drawn a probable price movement pattern for you, so you can enter at a suitable point based on your trading style.
Wherever you are, I wish you the best of luck, and I would be happy to hear your opinion.
BCH UPDATE (4H)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the BCH symbol.
The green box target is still standing. We are looking for short transactions in the red box
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Bitcoin Cash is trading in a narrow price rangeHi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash is traiding in a narrow price range between 260 and 235. It seems that it's found local support at 235 and from there it's trying to test 265 resistance but so far it didn't go higher 260 price. I don't think that BCH price will go significantly higher than 265 resistance area.
Overall I'm bearish on Bitcoin Cash and still waiting its reaching 200 support level but it can take some time.
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