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BCHUSD trade ideas

BCH Price Outperforms Bitcoin And Teases A 30% Jump!Strong Support at 50D EMA: Bitcoin Cash (BCH) finds solid support at the 50-day Exponential Moving Average (EMA), setting the stage for a potential reversal rally. Ascending Triangle Formation: The BCH price chart shows an ascending triangle pattern, indicating a possible bullish breakout. $300 Price Target: A successful bullish breakout could propel BCH to reach around $300. Year-to-Date Growth Comparison: Bitcoin Cash has a Year-To-Date (YTD) growth of 145%, surpassing Bitcoin's 120% YTD growth. Impact of Bitcoin Spot ETF: The anticipation of a Bitcoin Spot ETF approval could significantly influence BCH's price, with strong expectations of a bull run among Bitcoin Cash investors. Consolidation Phase: Despite recent gains in BTC, BCH has been consolidating, indicating a period of accumulation and potential shakeout of holders. Current Trading Position: BCH is trading at $237.44, with a 1.47% intraday increase, forming a bullish candle. Technical Indicators Outlook: RSI Indicator: Shows a bullish spike, hinting at a comeback phase for bulls. EMA Trends: Both 50D and 200D EMAs exhibit a positive trend, reinforcing the bullish sentiment. Potential for a $250 Breakout: BCH is on the verge of breaking the $250 mark, which could lead to a significant price surge. Bitcoin's Influence: As a derivative of Bitcoin, BCH's price is closely tied to Bitcoin's performance, especially with the ETF approval on the horizon. Downside Risk: A breakdown below the 50-day EMA could see BCH prices drop back to around $200.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
BCHUSD Double fibonacciPrevious fibonacci hit 1.272 target at channel up resistance, and continue to perform another fibonacci pattern inside channel up pattern. Right now BCHUSD at channel up support around 0.618. Target bullish from this position at $280 (fibonacci 1.272) and maximum target at $293 (Fibonacci 1.618) or at channel up resistance. If you have any question, do not hesitate to contact me Your support at this analysis will also support BCHUSD to reach bullish target Click here to check my other analysis
COINBASE:BCHUSDLong
by AzrulAzir
3
Will BCH Price Rise Above $255 To Reach $300?Failed Breakout: BCH price couldn't sustain above $255, leading to a slide. Cup and Handle: A cup and handle pattern formation suggests a potential bullish reversal. Dynamic Support: The 50-day EMA is acting as strong support, with prices above $225. Market Recovery: As Bitcoin hits $35K, BCH looks to capitalize on market optimism. Sideways Movement: Despite Uptober gains, BCH is moving laterally but with a bullish bias at the $225 level. Ascending Triangle: The price action hints at an ascending triangle pattern, indicating a possible breakout. Stochastic RSI: Shows a bullish turnaround, suggesting an upcoming challenge to the $255 resistance. EMA Support: The 50-day and 200-day EMAs provide dynamic support, maintaining a positive trajectory. Spot ETF Speculation: Anticipation of a Bitcoin Spot ETF could catalyze the BCH market. Bullish Scenario: A breakout above $250 could propel BCH towards the $300 mark. Bearish Scenario: A breakdown below the 50-day EMA could see prices falling to $200. 2023 Outlook: BCH price prediction remains optimistic for crossing $300 in 2023.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
📊#BCH completes the small double top structure goal, what next❓🧠Today we fell below the uptrend line, which means that we will most likely continue our short position. In the afternoon, we completely broke away from the resistance zone and adjusted a descending triangle model within a small time level (generally we fall according to this model ), so we laid out market traps based on certain signals and logic. In the end, we successfully hunted for a return rate of 220%+💥, which also meant that the goals of the small double top structure were all achieved. The market quickly rebounded after we reduced our holdings. We may then continue lower following a large double top structure.📉 ⚠️Note that although we are moving lower, we are still bullish in the broader cycle. If the short defense points of the two double top structures above are broken, it means that the short structure is destroyed, and we will continue to move higher.📈 Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💌If you can't grasp the rhythm of futures trading, please follow Wolf king footsteps and print money together.💰🍻 💕 Follow me so you don't miss out on any signals and analyze 💯
BINANCE:BCHUSD.PShort
by wolf_king888
Can Bitcoin Cash Make To $300 Before BTC Tops $40K?Bitcoin's Influence: The BCH price is influenced by Bitcoin's performance and the anticipation of a Bitcoin Spot ETF. Current Status: BCH is trading at $243.48, experiencing an intraday fall of 1.56%. Psychological Barrier: $250 remains a significant resistance level for BCH. Technical Indicators - RSI: The RSI has hit the overbought boundary and is now reflecting downward, indicating reduced buying pressure. Technical Indicators - EMA: Both the 50-day and 200-day EMAs are moving sideways, suggesting a stable trend. Recent Performance: BCH saw a 22% jump to $269 but has since fallen back under $250. Market Sentiment: The overall sentiment is cautiously optimistic, fueled by potential positive developments in the Bitcoin Spot ETF. Potential Targets: If BCH breaks the $250 resistance, it could aim for the $300 mark. Downside Risk: A fall below $215 or the 50-day EMA could lead to a drop to $200. Inverted Head and Shoulder: BCH struggles to sustain this bullish pattern, indicating a need for a strong catalyst. Market Recovery: BCH has benefited from the broader market recovery but needs to sustain the momentum. 2023 Outlook: The BCH price prediction suggests a potential bull run to $300 in 2023 if market conditions remain favorable.
COINBASE:BCHUSD
by Coinpedia-Market-Insight
📊BCH has a potential smiley face bearish structure, beware of📉➡️First of all, our general direction is bullish, but a potential smiley face bearish structure has formed in the resistance zone, and there is a certain contradiction. 🧠We don’t need to guess which way the market will go, we just need to wait for a clear signal: if we choose to continue to break through the short defense point, then the bulls will continue. If we break below the inflection point, then the smiley face bearish structure will hold and we will enter a phased correction.☕️ Let's see👀 🔔If you think my analysis is useful to you, please don't forget to "like" me.✔️💯💪🍻 💕 Follow me so you don't miss out on any signals and analyze 💯
BINANCE:BCHUSD.PShort
by wolf_king888
Bitcoin Cash BCHUSDT Price Analysis 8hBitcoin Cash BINANCE:BCHUSDT is on the cusp of a significant breakout, currently consolidating within a well-defined cup and handle pattern. A breach from this pattern signifies a potential upward surge towards robust resistance zones around $280 and $300. With current price at $230. Pattern Analysis: Bitcoin Cash is consolidating within a cup and handle pattern, a classic bullish formation indicating a potential uptrend continuation. Breakout Anticipation: A breakout above the pattern's upper boundary is expected to trigger a substantial upward movement, targeting resistance levels near $280 and $300. Support Zones: Vital support zones lie at $218-220 and $200, acting as crucial levels to watch during price retracements. Bullish Sign: Multiple bullish Falling Wedges within the cup and handle pattern highlight a positive market sentiment, suggesting a potential rise in BCH value. Stay vigilant for the imminent breakout, as it could mark the beginning of a significant uptrend in Bitcoin Cash's price. We should closely monitor the support levels and consider entry points cautiously based on the pattern's confirmation. Happy trading!
CRYPTO:BCHUSDLong
by Vestinda
Bitcoin Cash Ready To Surpass $300Potential Turnaround: BCH price action hints at a possible breakout above the $250 mark. 50-day EMA: The price reverts from the 50-day EMA, indicating demand at lower levels. Psychological Mark: A breakout at $250 could push BCH beyond the $300 mark. Year-to-Date Growth: BCH has shown a remarkable 135% growth in 2023. Uptober Season: Ongoing season and Blackrock ETF review could spark a new rally. Support Zone: Recent pullback led to a sharp correction to the $180 support zone. Bullish Pattern: An inverted head-and-shoulder pattern is forming with a neckline at $250. Technical Indicators: MACD shows a positive crossover, and EMAs are in a bullish alignment. Recent Growth: A 7.29% growth last night led to a bullish engulfing candle. Optimistic Scenario: A breakout rally could reach as high as $329 by the end of October 2023. Pessimistic Scenario: Failure to sustain above the 50-day EMA could lead to a drop to the $180 zone. Market Sentiments: Overall market sentiments are improving, increasing the likelihood of a bullish breakout.
COINBASE:BCHUSDLong
by Coinpedia-Market-Insight
✴️ Bitcoin Cash | New AllTime High? New Update, New View, New...Here, let's have a closer look: Bitcoin Cash is trading above all the moving averages. EMA10/21/50/100/200/300 & MA200, the ones we track. After breaking out of the falling wedge (red), we have a rising channel (blue). The upper boundary of the channel will break by a strong move... A huge big candle, multiple candles... Notice how volume is much higher after June 2023, that's the start of the bullish phase for BCHUSD. Followed! ✅ | Thanks 👍 Namaste.
COINBASE:BCHUSDLong
by AlanSantana
Will BCH Bounce Back?Sharp Fall: BCH price crumbles an inverted head and shoulders pattern. Below 50-day EMA: BCH price is now below the 50-day EMA and nearing the 200-day EMA. 13% Drop: The coin has seen a 13% drop in the last ten days. Uptober Spirit: Fails to break above the $250 mark, questioning the spirit of Uptober. Resistance Zone: $250 acts as a strong resistance, causing a reversal. Fibonacci Level: Breaks the 38.20% Fibonacci level, signaling further correction. Morning Star: Attempting to form a morning star pattern. RSI Indicator: RSI line reverses from overbought to under the halfway line. Death Cross: A potential death cross if prices slip under $180. Crucial Support: 200-day EMA acts as a crucial support zone. No Divergences: RSI fails to showcase any divergences for a reversal. Price Prediction: Possibility of reaching $300 in 2023 is now in question.
COINBASE:BCHUSD
by Coinpedia-Market-Insight
1