BCHUSDT.P trade ideas
Long setup BCHUSDT back to 322?Often the market tests the blue box marked structure candle. We just need to wait until all our checkboxes are checked before taking a long entry to 322.
BCH 1WAn uptrend line is a straight line drawn upward to the right that connects 2 or more low points. The second low must be higher than the first for the line to have an upward incline. Uptrend lines act as support and indicate that there is more demand than supply, even as the price rises.
entry after retest uptrend line.
A retest refers to prices reversing direction after a break and returning to the breakout level to see if it will hold.
BCHUSDT 1D: Possible LONGBCHUSDT 1D: Possible LONG
We can see a rebound from the price level - of 340 on the 1D chart. In the long term, this signal indicates that the price may increase to 420.
Bitcoin Cash can reach 400-420$BCH has started a Bullish Trend & we can See an Ascending Channel On The Chart. The Price is gonna Need to Decrease a little more For it would Become Ready to Ascend Further. a Support Stands at 300$ .This Should be a Good Point for Price to React to & Continue The Bullish Movement From There.There is also a Hidden Bullish Divergence (+HD) on MACD which Means There is a High Bullish Chance For BitcoinCash! The Price can Increase up to 400-420$ for now.
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Have a nice day and Good luck
BCH USDT LONG SWING| BCHUSDT | LONG @ 300 - 304 | TP @ 306, 308, 310, 312, 314 | SL @ 275 | PATTERN = BULLISH TRIANGLE BREAKOUT | BINANCE |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved.
#BCHIf we will fix in the channel - we can take a long. Now you can also take a long, but only with a small stop under the bottom line of the zone.
BCH analysisSo an uptrend triangle in an uptrend? From what I can see is we are expecting a breakthrough soon. The support zone is 338~353 which is unlikely to be broken down. If the price went below this ascending triangle, this zone would work.
BCH potential longIf BCH manages to breakout and retest the 0.786 fib, potential for huge upside.
BMSB looking to flip, will do at the end of this week.
Breakout and retest of HTF resistance.
BCH Long StrategyThis is a note to myself for hourly trading and BCH Pitchfork Channel according to the Lowest and Highest values.
BCH 1 day analysisPrice has been consolidating in 355-392 for a while, this zone was created first in Jan. It's a heavy psychological point, as long as it's broken. Bull's momentum would be unstoppable. But now we can see the MACD momentum didn't follow up with the price. A bigger retreat is possible.
BCH analysisI see this as an ascending triangle during the uptrend which indicates a further surge. It will need to brake the peak created on the 22nd March.
BCHUSDT - Long Setup!
BCHUSDT (1D Chart) Technical analysis
BCHUSDT (1D Chart) Currently trading at $360
Buy level: Above $361
Stop loss: Below $270
Target 1: $400
Target 2: $452
Target 3: 529
Target 4: $650
Max Leverage 2x / Spot Market
Always keep Stop loss
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BCH 1 day analysisbecause of the support from the previous resistance area, people are eager to buy higher than the neckline, and it forms a new consolidation range. Normally it should be rally up soon after the retreat of breaking through the neckline, but now the consolidation range signals how people think differently about the future trend, partly because El Salvador delayed its plan to launch bitcoin bond.
BCHUSDT back to 330?The marked candle is what we call a ' structure candle'. The market often tests these. Now we only have to wait for the right entry to get into the position to ride along with this movement down. However, currently the market isn't ready yet for this short, so we wait until it does. And if the market creates price action which invalidates our possible setup, that's no problem either, since we wait for the right environment before taking the trade to maximize our chance of success.
BCH analysisTake a close look at the daily data price charts, a W bottom pattern has formed. Not only does it follow a major downtrend but a spike in volume occurs during the price movements.
This is an important bullish reversal pattern as it shows after a continuous falling market. BCH market has stabilized at a certain range since 22th Jan, so the buyers drove the rebound. But after rebounding to the neckline, the price fell back to the previous low due to the pressure of profit-making participants. Now It rebounded and broke through the high of the last rebound, which the neckline (or neckline+5%) would be an ideal entry price. Theoretically, the expected reversal height would be the vertical height between the bottom low and the neckline.
We also need to notice that W pattern is not necessarily a reversal signal, but sometimes a consolidation pattern. These two lows appear very close, which might lose some credibility and the price might continue to move in the original direction.
BCH 1 day analysisYesterday’s high goes to 387.1 then encountered an 8.7% retreat. To keep the momentum we have recent strong support at around 343. From 15 mins chart, It's likely to have a small rally up again then test the support area.
BCH/USD - Resurrection from the dead. PUMP time! 🤣BCH has been dying since May 2021, but now it is time for resurrection. Easter is coming so the timing seems very good. 😅
After a prolonged downtrend which formed a large falling wedge, BCH has its FIRST real chance to break away.
Price is currently moving quickly to the key resistance at $380 which coincides with the edge of the wedge.
A successful breakout there and retest of this level as support can take BCH to the next key resistance at $465.
The indicators support a bullish bias. MACD, RSI and OBV are all bullish. This latest candle was on strong volume. If BCH can sustain this, then fireworks can happen.
Bias is bullish right now, but don't dismiss a possible rejection at $380, before the real break can take place.
Patience is key, but this chart looks primed for some sustained gains in the future. Can BCH return to the spotlight?
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BCH bullish Harmonic Vs Elliott wave
BINANCE:BCHUSDT
BCH is here, big TF 3Day structure looks like the market is recovering again with #Harmonic and #Elliottwave merged, what a beauty.
