Bitcoin Cash 1H: Triangle Pattern👋 Hello and welcome traders to another trade idea with SunnyHillCapital
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BCHUSD.P trade ideas
Bitcoin Cash price analysisBitcoin Cash price analysis suggests upwards movement to $700
The closest support level lies at $640
BCH faces resistance at the $680 mark.
The Bitcoin Cash price analysis shows that after failing to climb above the $720.00 mark, the sellers broke the $680.00 support level as BCH returned to the $640.00 mark. Since then,the price has recovered to the $660 mark as the buyers defended the support level.
The broader cryptocurrency market has observed a bullish market sentiment over the last 24-hours as most major cryptocurrencies record positive price movements. Major players include AVAX and DOGE recording a 9.38 and a 7.75 percent incline, respectively.
Price faces depreciation up to $656 after bearish returnThe bears have been ruling the BCH/USD price chart for the past few days, as the price has been constantly experiencing a fall. The price underwent considerable decline even today, as the bearish trend brought it down to $656 extreme. This has created chances of the price going in the danger zone, as the bearish trend has been expanding at a constant rate.
Bitcoin Cash (BCHUSD): Structure Breakout & Bullish Continuation
Bitcoin cash broke and closed above a key daily resistance cluster.
Now we see its retest.
I will expect a bullish wave from 622 - 656 demand area.
Next goal for buyers 782 - 802 resistance area.
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BCH Elliott Wave Chart by CryptoKnee Looks like 640 held! At the moment, a potential Zig Zag down complete is possible, which would still fit with this count variant. A zig zag complete does not necessarily mean the correction is over, especially in a wave 4. So watching how this developes. Green done, yellow some more correction, red bad for short term bulls. Watching these support resistances which ever way it choses. Super bull, this is a 1,2 1,2. Bear this impulse, if completes, is a C of a ZZ.
#BCH #LONGHere is another coin to buy and hold as cup and handle is confirmed. The handle will prevent us from burning our fingers while drinking hot tea from the cup. And once the cup is on our lips, our brain tells us to test the hotness of the tea, then hold a bit before sipping again, and this time, the quantity in our mouth will be much more than the previous ones. This explains what will happen after a breakout. Enjoy. I am LEON, feel free to message me.
BchWhat a great trade. Poste about this whole
Bch was at 608$ started buying here. An
Hour later it ripped to 661 where if w brok that targeted move
850
I added more even thou it seemed extended a bit that was the plan. It was a great move. It’s hard to say if it’ll keep running from here straight to target. I pulled a few FIB levels we have 732 and 773 before hittinf 855$. If we pull back suppor it’s 711 and 657
It is extended but I cannot say if it’ll rip right to the tarhet or pull back. It’s def a monste but striaght up runs can result in a decent pull backs. So be cautious if buying up here.
Our next key resitamce is 808$ that was that last peak we can see here clearly on the chart so best thing I see is we stall out there
BCH confused What's up guys , I'm posting this to see if anyone has feed. back on it , cause to tell you the honest truth , I'm surprised I cannot find a setup on this as price as been stuck in a very confusing range
Any feed back will be appreciated as I am still yet to make new friends on here
Myself 2 years ago will gamble and say long but trading isn't gambling , it takes a lot to be a trader !
what do you guys feel ?
Bitcoin Cash Price Analysis: we expect BCH/USD to test $615 Bitcoin Cash has experienced yearly gains of up to 180% since January 1st, counting down to the second-to-last month of 2021. Thereby suggesting significant returns for cryptocurrency traders from the annual price opening of $342 to today’s daily high of $619.