BCHUSDT.PS trade ideas
BchIf the green support is not lost, in the first stage of the roof of the channel, and if the roof is broken, higher red numbers can be seen, if the floor of the channel and the green line are corrected, it can be checked.
Support Levels Shift, Buyers Eye $300 ResistanceSeveral resistance levels in the price of BCH (Bitcoin Cash) have now transformed into support levels. The closest support level for BCH is believed to be around $210. If there is a positive response from buyers at this support level, it is expected that they will make another attempt to drive the price back up towards the resistance level of $300.
BCH/USDT will probably go out of the banner shock!BCH/USDT will probably go out of the banner shock!
🚀📈 Exciting News! 📉🚀
📉 BCH/USDT has recently experienced 5 consecutive days of slight decline, indicating the release of short selling momentum.
But wait, there's more! 📈 The positive trend is pulling up, showing signs of a potential upward surge! 💹
💪 With the closest support around 225.04 (June 29, 2023 opening price), the outlook is promising for potential rebounds! 📊
🚩 Get ready for a flag-shaped oscillation pattern ahead, offering opportunities for both short-term traders and long-term investors! 📈🚩
🌟 Don't miss out on this golden opportunity!
Stay tuned for potential profits as BCH/USDT prepares for exciting price movements!
#BCH #USDT #ForexTrading
Rest after BCH currency flightAfter growing 200% in 11 days, the BCH currency is now in correction. Two important support ranges have been identified for this currency, as well as a resistance range.
BCHUSDT 4H AnalysisBCH is bearish below $235 area if a break occurs: This suggests that if the price of BCH falls below $235, it is expected to continue moving downward. The $235 level can be seen as a significant resistance level that needs to be overcome for a bullish trend to emerge.
Target aiming for the $300s level based on Fibonacci retracement: In this case, the analysis indicates that if BCH manages to break through the bearish trend and surpass the $250 area, the target for its upward movement would be in the $300s range.
Major support at $250 - $245 level: A major support level refers to a price level at which a significant number of buyers are expected to enter the market, potentially leading to a price reversal or a slowdown in downward momentum. In this analysis, the $250 - $245 range is identified as a crucial support level for BCH. If the price approaches this range, it might find strong buying interest, potentially influencing a bounce or consolidation.
BCH might do a simple thing here: I suggests a straightforward or predictable outcome for BCH based on the identified support levels, potential breakouts, and Fibonacci retracement. This could mean that BCH is expected to follow the expected patterns and price levels without any significant deviations.
🔥 BCH Bull-Flag Break Out TradeThis BCH trade is based on the idea that BCH's recent double bottom is going to be the bottom for the foreseeable future, and that BCH will continue it's bullish trend upwards.
Target at 290$, which is historically a very strong area of resistance. Stop below the recent lows.
For a safer trade, you can wait until the price has broken through the top resistance.
Bitcoin Cash rally is overHi guys, let's review the current situation on Bitcoin Cash.
It seems that Bitcoin Cash continue rally is coming to the end and probably we won't see any big green candle on weekly chart. In my previous post I indicated that last couple weeks there was extremely high volume on weekly candles and often it may indicate on changing direction, at least short term. Note that last on last week candle there was highest volume ever on BCH so it's normal that there will be some correction. This week we can see this correction.
If bulls want to continue recent rally then it's important for them to BCH close above 265 on weekly candle, it would be better if it closes somewhere around 280-290.
If this happens then we can expect price to test 330-340 levels but from current situation it's unlikely that this will happen. I expect that even if BCH price will rise it won't go higher than 300-310 and then continues it's correction to 220-200 levels.
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BCH is looking good.BCH is looking good.
There is a retest of the buyer's block from which I expect a technical rebound.
I took a long position.
Stop loss 250$
BCH target 360~3944h time frame
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BCH creating a triangle pattern which could be judged as continuation structure.
TP: 360~394
SL: 256.5
Bch Looks Bearish Here Bchusdt
I am expecting breakdown from this pattetn on 4h time-frame incase it breakdown with proper candel close then we may expect bch prise to drop attleast 50%
Aiming 226$ To 140$
Dyor
Keep supporting with your feedbacks
we still have shortI think we still have short, and It will go down before any LONG so be aware if you wanna go LONG
🚨 Trade Update: BCH/USDT (5-10x)🚨 Trade Update: BCH/USDT (5-10x)
📉 Short Entry: 284 - 298
OTE (Optimal Trade Entry): 295.2
SL: 312
B/E Move: When it moves close to TP2
TPs:
Short Term: 281.2 - 278 - 274 - 269 - 260
Mid Term: 250 - 235 - 220 - 200 - 169
**Disclaimer: Past profits do not guarantee future results.
Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis.
EDK FORUM TRADING®
LAST DIP before BIG MOVE!I like to keep my analysis and posts simple.
Elliot Wave Theory on recent BCH price action;
1 more dip to complete wave 7! (Around the $240 area.)
Then prepare for some big price movement.
Simplicity is key my friends.
BCHDisclaimer
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