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BCHUSDT trade ideas

#BCH/USDT 4Hr UPDATE Hello, welcome to this BCH/USDT 4Hr chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Bitcoin cash (BCH) raced to a one-week high on Wednesday, despite cryptocurrency markets mostly trading lower. Following a low of $103.09 on Tuesday, BCH/USD surged to an intraday peak of $109.09 earlier in today’s session. The move saw BCH hit its highest point since November 8, when the token was trading close to a high of $120.00. As can be seen from the chart above, today’s high saw bitcoin cash move closer to a key resistance level of $110.00. The 14-day relative strength index (RSI) also rose higher, with the index breaking out of a ceiling of its own. Currently, the index is tracking at 46.52, which is above the aforementioned ceiling of 45.00. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
1
#BCHUSDT Sideways Channel ($100-$150)Trade setup: Trading in a Sideways Channel ($100-$150). Swing trader: trade the channel (Enter near $100 support and Exit near $150 resistance). Trends remain bearish but $100 support area could be a swing entry point for a riskier trade setup; keep a tight stop loss (~$95). (set a price alert) Trend: Neutral on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). OBV (On Balance Volume): is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium Support and Resistance: Nearest Support Zone is $100. The nearest Resistance Zone is $150, then $200.
by Cryptbergofficial
BCHUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for BCHUSDT Presently, we have R2 and R1 as our resistance areas which both include the disability of the price to rise. S2 used to be a long-term resistance line and S1 and S3 are the support areas that have the well support of price. Obviously, we have the price fluctuating below R1 and we expect that it will fall to S1 (according to its past trend) and by having some related signs and a rise toward R1, the right shoulder of the pattern will be completed. We hope this will happen in the coming days. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
BCASH DEAD CAT BOUNCE INCOMING THEN NEW SLOW BLEED LOWS TO $14BCASH really took a nosedive since its all time high around $4500 down almost 99%, and has yet to recover even slightly. The previous bull run where most coins went to new all time highs or at least close to their previous all time high, Bcash didnt even come close and any gains it had made in that last run was deleted in almost one single weekly candle, which proves that BCash investors cashed out of this at both tops. Only ones still holding now are small retail investors hoping to get rich or thinking that this coin actually has a future,it doesn't. BCash died a long time ago. Interest is dying in this coin, and the 51% attack it suffered a couple years ago really put a damper on this coin and the rally that followed during the latest bull run was lackluster to say the least. Indicators on the short term time frame are showing some bullishness but longer term indicators bi-weekly and monthly are still bearish and at best this next run BCash will make one more dead cat bounce before its slow bleed out over the next few years down to double and even single digit lows. Also the creator of this coin Roger Ver is a felon for one and his most recent actions involving Coinflex was a shltbag move to say the least. He literally almost bankrupt the company because he failed to cover his $45 million dollar margin call that he promised he would. Dumbass made a bad trade and now doesnt want to own up to it. The exchange needed to raise money from other investors to be able to continue its operations. There is currently a lawsuit against Ver for this. Hes a crook just like Do Kwon and BCash will suffer the same fate as Luna. Take profits or forever hold your peace! This is not trading or financial advice this is just my opinions and speculations.
Short
by Bitgolder