BCHUSD trade ideas
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.
BCHUSD Potential for Bullish Continuation | 22nd July 2022
On the H4, with price moving in an ascending trendline and above ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 126.53 where is the swing low support to our take profit at 131.4, where is the swing high. Alternatively, the price may break the resistance structure at the buy entry and drop to the stop loss at 119.00, which is in line with the 38.2% fibonacci retracement.
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