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Bitcoin Cash / TetherUS PERPETUAL CONTRACT

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BCHUSDT.P trade ideas

BCHUSDT Supply Zone Break & Sustained Bullish PhaseSince June 2023, Bitcoin Cash experienced a significant shift from bearish to bullish sentiment following its breakout above the crucial supply zone. The subsequent re-test of this zone turned it into a support/demand area. Notably, the most recent clean rejection at the 50% Fibonacci level during a yesterdays' dump underscores buyer interest at this price point. This supports the active bullish phase, increasing the probability of a continued long-term uptrend. With attention drawn to two key resistance areas at $433 and $574, there's a potential upside of 110-175% for BCHUSDT in the coming month or two.
Long
by CryptoPAMM
BCH ANALYSIS💥💥#BCH Analysis : Breakout 💸💸 🔮#BCH was testing a crucial key level at $230 and following a symmetrical triangle. Now we can see a perfect breakout here in #BCH. It indicates the start of an upward trend. 💲💲 👀Current Price: $265 🚀 Target Price:    $390 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #BCH #Cryptocurrency #Breakout #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
BCH: Sideways ChannelTrade setup : Trends are mixed and price is trading in a Sideways Channel ($218 - $260). Swing Traders can trade the range – Enter near Support ($218) and Exit near Resistance ($260). Trend Traders ought to wait for a breakout in either direction. If it’s able to break above $260 resistance, it could resume its uptrend and revisit $330 level from July. Pattern : Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range – Buy near Support and Sell near Resistance. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 - $150. The nearest Resistance Zone is $260, then $330.
Long
by altFINS
BCH: Pullback in UptrendTrade setup : Price remains in an Uptrend. Pullback to 200-day moving average (~$217) minor support area could be an attractive swing trade entry in Uptrend, with upside potential back to $260. Stop loss at $195. Price has been rejected near $260 resistance zone several times in the last three months, making this a critical level. If it’s able to break above $260 resistance, it could resume its uptrend and revisit $330 level from July. Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 - $150. The nearest Resistance Zone is $260, then $330.
Long
by altFINS
BCH: Approaching ResistanceTrade setup : Price remains in an Uptrend, trading above 200-day moving average. However, it’s been rejected near $250 resistance zone several times in Oct and Nov. If it’s able to break above $250 resistance, it could resume its uptrend and revisit $330 level from July. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $200 (previous resistance), then $140 - $150. The nearest Resistance Zone is $250, then $330.
Long
by altFINS
BCH ANALYSIS💥💥#BCH Analysis 🚀🚀 🔮 #BCH is trading in a Symmetrical Triangle Pattern and the price got rejected from it's trend line. A good move will be seen only if it breaks the trendline. If the price closes above above $255 then we will see a bullish move. 💸💸 📊Current Price: $233.2 🚀 Target Price:    $390 ⚡️What to do ? 👀Keep an eye on #BCH price action and volume. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️ 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #BCH #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
BCH: Approaching ResistanceBitcoin Cash (BCH) technical analysis: Trade setup : Price remains in an Uptrend, trading above 200-day moving average. However, it’s been rejected near $250 resistance zone several times in Oct and Nov. If it’s able to break above $250 resistance, it could resume its uptrend and revisit $330 level from July. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). 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.
Long
by altFINS
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🔄 BCH: Fractals of Accumulation, Manipulation and DistributionIn the intricate dance of market dynamics, Bitcoin Cash (BCH) appears to be orchestrating a familiar tune, following the classic pattern of accumulation, manipulation, and distribution. Understanding this cyclical behavior may provide valuable insights for traders navigating the BCH landscape. Chart Analysis: Unraveling the Pattern Accumulation Phase: BCH has entered a phase of accumulation, characterized by sideways movement and the formation of a trading range between $177 and $270. Accumulation suggests the gathering of positions by savvy investors, preparing for a potential upward move. Manipulation Dynamics: Historical patterns indicate that BCH often experiences manipulation after accumulating within a range. Traders should be alert to sudden and unexpected price swings as manipulation unfolds. Distribution Anticipation: Following the manipulation phase, BCH typically enters a distribution phase, where accumulated positions are released. This distribution could lead to a swift decline, potentially revisiting lower support levels. Projected Scenario: A Cautious Path Forward Range Trading: $177 to $270: Traders may anticipate range-bound movements within the $177 to $270 zone as accumulation continues. Establishing strategic positions within this range might be a prudent approach. Manipulation Swings: Be prepared for sudden and sharp price swings, indicating manipulation in progress. Active risk management is crucial during these volatile periods. Downside Potential: $160 Target: In the event of manipulation leading to distribution, a potential downside target is around $160. This level represents a historical support zone that could attract buying interest. Upside Momentum: $370 Objective: Upon completion of the distribution phase, a swift reversal and surge towards $370 may unfold. This upward momentum could signal the start of a new bullish cycle. Strategic Approach: Navigating the BCH Landscape Range Trading Tactics: Traders can capitalize on the range-bound nature of BCH by strategically entering and exiting positions within the $177 to $270 range. Risk Mitigation During Manipulation: In anticipation of manipulation, active risk management, including the use of stop-loss orders, is crucial to safeguarding capital. Long-Term Perspective: Long-term investors may view the accumulation phase as an opportunity to accumulate BCH at favorable prices, anticipating the potential for a significant upward move. Conclusion: BCH's Symphonic Movement As Bitcoin Cash (BCH) dances through its accumulation, manipulation, and distribution phases, traders and investors alike have the opportunity to decipher the symphony of market dynamics. By understanding and strategically responding to these phases, participants can navigate the BCH landscape with greater confidence. 🔄 Accumulation in Progress | 📉 Anticipating Manipulation | 🔄 Distribution Patterns ❗See related ideas below❗ Share your perspectives on Bitcoin Cash's market movements, contributing to a collaborative analysis that enhances the collective understanding of this digital asset. 💚🚀💚
Long
by Yaroslav_Krasko