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Bitcoin Cash / TetherUS PERPETUAL CONTRACT

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BCHUSDT.P trade ideas

BCH- Trend update (LONG)Hello trading friends, This is a daily update for BCH with the trend expected for a long. BCH looks slowly coming back into trend. and the question is this the bottom? We know BCH as a coin that gets traded by the Asia market as most. - and it has its own long-term holders, where the dollar cost average places on it. It's always good to wait for confirmations and to buy into the red. Interesting levels for uptrend are 400 USD, and for long term 500 USD +. Let's see how this coin will affect the coming time, and or BCH bottom is here. Most of the coins waiting for BTC - so it's important also to follow BTC trends - and price changes take also time. At all times manage your risk well and have a great day. If you like this idea - leave a like and follow - Thank you This is not a trading call.
Long
by watchtrend
BItcoin Cash Midterm Analysis📊 BCHUSDT (Bitcoin Cash ) 💹 Time Frame: Daily (Update) ➖➖➖➖➖➖➖➖ 🟡 BCH is now trading near the S/R area of 350$. BCH has already broken the trend line and holding it well. You can build your position in BCH near the 370$ _ 400$ area but . The first resistance is $620 area and the major resistance is $700-$720 area. The next good support is 260$_ 300$ area. ⚠ Use proper stops in trades as the market may become Volatilein the coming days. 💎 This analysis will be updated Amir Hossein 📅 02.11.2022 ⚠️ (DYOR)
Short
by Trader_Needs
2
BCHUSDT Market AnalysisFrom the 4 hours chart we do found a valid double top, also there's a divergence after getting a red candle. Looking on the RSI, our first top was in the overbought scenario and our divergence does exists, with that being the case, as you can see market crashed after getting that double top at a major level of resistance. Also we need to find next potential level that could be a buy points where we can use the contrast of double top which is double bottom pattern. Now we are expecting the price heading back to 270 while with some small swings in the middle when forming that.
by Blitz_analysis
BCHUSDT Market AnalysisBlitz Bear: We need to confirm if the price failed to make new higher highs, that is, there's not enough buying pressure for the price to continue higher in this uptrend. Secondly, We are looking for the price making higher highs, while RSI to be making lower highs, In this divergence situation, it is an indication for reversal in price and we are expecting a double top scenario to help to confirm. To verify the possible double top pattern, a candle needs to test the previous swing high again( white box area), the wick or the body of the candle can be inside the box but the body cannot exceed the white box, then selling to go short. Blitz Bull: It's quite normal that the market needs a pause from the rally up and the price will keep soaring to the next resistance level roughly 384 after the pullback. Or it could start a new consolidation area between support 316 and the current swing high.
by Blitz_analysis