One day analysis of BCHUSDTThe price is marching up again and it's highly like to break the previous swing high in order to keep the uptrend. On 15mins timeframe we saw a temporarily double top and now it has been broken. All we are waiting for is a double top on 4 hours chart and this could indicate another move up in the next few hours
BCHUSDT trade ideas
One day analysis of BCHUSDTBlitz Bull: As long as the price didn't break down the previous swing low, we are still under an uptrend, and this support level is valid. What we are expecting now is it will head to our next resistance which would be nearly the previous swing high.
Blitz Bear: Price will keep retreating and eventually test the next support level where before has been a high-value area. then it'd likely encounter the drastic buy power.
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.
BCH is below the MA20 brick Resistance After the breakdown of the support line in the weekly timeframe, BCH is below the MA20 brick Resistance in Renko chart. If it breaks up, it can be considered as an early signal about the possibility of an upward trend in the future. Confirmation of this will depend on the breakup of the moving average of 40 bricks.
BCH analysisThe price has reached the resistance zone and RSI just hit over-buy area. It is very likely a small pull back would be happening. For now it's still under a consolidation area and we didn't see an exact evidence of breaking the consolidation. Will need to check if the pullback can stand above 300 then we can look for a long trade.
One day analysis of BCHUSDTfirst check the 4-hour chart, the downtrend triangle chose to break down to the downside, then in the 1-hour timeframe, it pullbacks and tested the resistance level while forming a double top. Now to confirm if this short-term reversal works, we will need to see some selling pressures to help us short the market. If the next candle closes above the blue box, It's a bad signal for bears.
BCHUSDT Market AnalysisThe support level has been broken with great volume. In a downtrend with the price creating a lower low, the previous low is slated to break thus 262 is not able to be a support anymore. The next support we can find in the history chart is at 237. Now the price is trying to pull back but resisted by the used to be a support but now-resistance level. It could get a chance to touch MA50 first though then go down again.
BCHUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. Te price has had a sharp fall in the bearish channel. It has shown reaction to the S1 line. You can set a Buy order here for the R1 area which is a supply area and also R2. The S2 zone is also another good area where you can set another Buy order. You can set two Buy orders. One at the S1 line and the other at the S2 zone for the next resistance.
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
usAnalysis BCHUSDTHello friends,
Welcome to these analyses about BCHUSDT , we take look at the 1D time frame.
Support points ( 260 . 235 )
And
Resistance points ( 380 . 490 . 560 . 780 . 1100 )
Has been specified
The information is provided only for educational purposes, and should not be used to take action in the markets.
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One day analysis of BCHUSDTIn 15mins chart we can spot a downtrend triangle, In this type of consolidation, the ultimate direction is still going down when we are under a big downtrend. With the volume winding down from the left to the right side, It could be a good chance to sell out when this triangle is broken down. Or after breakout the downside, it should have a pullback with meager volume, while below the horizontal neckline of the triangle.
One day analysis of BCHUSDTWith the price going below MA 50, MACD gives us a different view which is the selling pressure is about to wind down. 280 is a support level and the next level would be 260. If this candle could end up above within the lower wick(white ellipse) then we have a chance to rally up again.
One day analysis of BCHUSDTswitch to a smaller timeframe, we are still in an uptrend channel, and it's 's about to breakout. Meanwhile, this area has been acting as a high-value area since 22 Jan, with loads of resistance here. The good thing is the MACD indicator stated to mount above 0 and ATR keeps low position, there could add up some confidence towards the bull.