BCHUSD.P trade ideas
BCHUSD going for the 3rd attempt to break above the 1D MA100Bitcoin Cash (BCHUSD) has been trading below a Lower Highs trend-line since the May 12 2021 High. So far we've had 3 major rejections on that trend-line. Even though the coin is still not outside of this long-term bearish trend, on the short-term the price is attempting to establish a respectable bullish move as it is going to make the third attempt to break above the 1D MA100 (green trend-line) within a 1 month time-frame. This trend-line has been intact since April 26.
If that breaks, it will issue the first signal that we may finally see a bullish break-out above the Lower Highs, as the 1D MACD will make a Bullish Cross. The immediate Resistance level if a break-out takes place, will be the 1D MA200 (orange trend-line), which is right above it but mostly the 1W MA50 (red trend-line). Above the Resistance (previous Lower High) of 395.50, Bitcoin Cash officially enters a new long-term parabolic rally.
Note that what gives more chances to the upside right now is the fact that the 1W RSI is above its MA. If the MA holds as a Support, it will further boost the bullish potential.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
Approaching Resistance BCH 12hr chartTrade setup: There are signs of trend reversal. Support at $100 has held up so far and the price broke through the down trendline. Was rejected at $150 where it encountered stiff resistance and profit taking by traders. (set a price alert)
Trend: Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend 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.
OBV (On Balance Volume): is declining, indicating that volume on Up days is lower than volume on Down days. Hence, demand (buyers) is below supply (sellers).
Support and Resistance: Nearest Support Zone is $100. The nearest Resistance Zone is $150, then $200.
Bitcoin Cash: Bullish 4H ChartWe believe the Federal Reserve began a brief and powerful altcoin season with the recent FOMC meeting on Wednesday (7/27). As a result, we expect altcoins to perform well until the next FOMC meeting on September 20th.
Bitcoin Cash is currently hitting fractal support, and the MACD + Awesome Oscillator look bullish. We're looking to capture a move to $193.
BCHUSD formed rounding bottomBCHUSD formed rounding bottom .
We believe that the bottom is in for BCHUSD therefore we expect more upside potential for this coin.
Long story short:
- Every pull back is a buying opportunity
- Buy the dip (if we get the dip)
- Target approx. 200 usd
-ETC showed the way for altcoins
The only way is up
-We expect BTC to stay in the range therefore BCHUSD will have a chance to rise
BCH 1Day Chart Falling Wedge BreakoutTrade setup: There are signs of trend reversal. Support at $100 has held up so far and the price broke through the down trendline. Reached $150 where it’s likely to encounter stiff resistance. (set a price alert)
Trend: Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance: Nearest Support Zone is $100. The nearest Resistance Zone is $150 (previous support), then $200.
Bitcoin Cash Huge Potential on 10X (1600%+)Here is Bitcoin Cash (BCHUSD), this is the same chart we shared a few weeks back.
We are hitting the gas on this one as we see potential for massive growth.
After the retrace that ended 13-July (Full moon), BCHUSD is now ready to grow.
We are active with 10X of leverage.
Disclaimer:
Not for beginner, for experienced traders only.
Leveraged trading is high risk and can result in liquidation.
This is not financial advice.
We are wishing huge profits and good luck.
Namaste.
Bitcoin Cash UpdateWe chose Bitcoin Cash (BCHUSD) for you because it moves like Ethereum Classic, very strong with really big candles... So the potential is huge.
When you add leverage like we did, then the profits go as high as the new moon.
For this one, we visit our trade signal which is still active and at 395%+ profits... See it below:
Bitcoin Cash Huge Potential on 10X (1600%+) | 15-July-2022
I hope you enjoy the articles, the trades & the content.
Thanks a lot for your continued support.
Namaste.
BCHUSD Breaking Trendline For A Bullish CaseBCH moved even higher following the break out of a diagonal in the last few days. Notice that recovery is now in five waves on the hourly chart so it appears that more gains can follow after the retracement. There is nice technical support at 113 followed by 108/110 area, where the price can meet the trendline.