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BCHUSD

BCH/USDT: A Comprehensive Outlook for Traders and Investors In this technical analysis, we delve into the BCH/USDT trading pair to identify potential trading opportunities for both aggressive players and long-term investors. 1. Resistance Area - 250-257: The BCH/USDT pair encounters a robust resistance zone between 250 and 257. Historical data indicates that price movements tend to stall or experience pullbacks around this level. Traders should approach long positions with caution, as the price may struggle to break through this barrier in the short term. 2. Aggressive Shorting Opportunity at 235-240: For aggressive players, shorting opportunities arise at the current price levels of 235-240. As the price approaches the upper range of the resistance area, bearish sentiment could intensify, leading to potential short-term declines. 3. Expected Correction to 195-200 Levels: Our analysis suggests an impending corrective phase for BCH/USDT, with the price likely to correct towards the support levels of 195-200. 4. Favorable Buying Area - 140-150 Levels: A compelling buying opportunity emerges at the 140-150 support range. Long-term investors seeking to build positions in BCH may find this area advantageous for accumulating assets. Remember to adopt prudent risk management strategies to maximize gains and mitigate potential losses. Stay informed, and happy trading!
Short
by Un_trade
💡Don't miss the great buy opportunity in BCHUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (328.0). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BCHUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 347.2 TP2= @ 360.8 TP3= @ 373.1 TP4= @ 384.2 TP5= @ 396.5 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
COINBASE:BCHUSDLong
by ForecastCity_ME
2
💡Don't miss the great buy opportunity in BCHUSD Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (596.1). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BCHUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 53 Take Profits: TP1= @ 628.3 TP2= @ 680.0 TP3= @ 722.8 TP4= @ 787.9 TP5= @ 833.2 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
BCHUSD Coinbase - Looking for EntryCOINBASE:BCHUSD has had a lovely history of long up and down trends. Historically they have lasted near half a year at a time in the past. We are back to a downtrend as the price has fallen below the 200 day EMA, Supertrend is red and the Heikin Ashi candles all red. Like most of the larger coins we seem to be at a consolidation period of low volume with horizontal trades going on. It looks like a possible reversal for BCH but we will have more information in the next few days on the long term effects here. It honestly could go either way for this coin but I think we will see a reversal soon, but not enough to see an overall long uptrend. The EMA is below a strong line of resistance and the Supertrend indicator is falling below it to.
COINBASE:BCHUSD
by UnknownUnicorn2091450
BCH / USD Price Analysis: Staging RecoveryBitcoin Cash / USD Short-term price analysis BCH has a neutral short-term trading bias, with the BCH / USD pair now testing towards its 200-period moving average on the four-hour time frame. The four-hour time frame is currently showing that the BCH / USD pair is attempting to recover from early week losses, while any presence of bullish MACD price divergence has now been eradicated. Technical indicators on the four-hour time frame are bullish and continue to signal further near-term upside. Pattern Watch Traders should note that a bullish inverted head and shoulders pattern could start to take shape on the four-hour time frame if the recent recovery gathers pace. Relative Strength Index The RSI indicator on the four-hour time frame has turned bullish and has scope to move even higher. MACD Indicator The MACD indicator on the four-hour time frame is bullish, with the MACD signal line issuing a buy signal. Fundamental Analysis BCH has been surging over the past several days. This may be explained by the project’s expected launch of Schnorr Signatures, which should improve on-chain security and privacy. Bitcoin Cash / USD Medium-term price analysis BCH has a bullish medium-term trading outlook, with the BCH / USD pair still trading well above its 200-day moving average. The daily time frame highlights that major technical support held firm during the recent decline in the BCH / USD pair, with the neckline of the inverted head and shoulders pattern acting as critical technical support. Technical indicators on the daily time frame are currently mixed and providing no clear trading signal. BCH / USD Daily Chart by TradingView Pattern Watch The daily time frame shows that a bearish head and shoulders pattern could start to take shape if the BCH / USD pair comes under further downside pressure. Relative Strength Index The RSI indicator on the daily time frame is currently neutral. MACD Indicator The MACD indicator on the daily time frame is neutral, with both the MACD signal line and the MACD histogram failing to generate a clear trading signal. Fundamental Analysis The medium-term prospects for BCH remain highly speculative. The project still lacks mainstream adoption, especially when compared to big names like Bitcoin. Conclusion BCH has staged an impressive upside recovery after coming under heavy technical pressure towards critical technical support. Buyers now need to build on the bullish momentum and move price back above the BCH / USD pair’s 200-period average on the four-hour time frame.
KRAKEN:BCHUSD
by CryptoBriefingTA
There is a probability of resuming the uptrend in BCHUSD Midterm forecast: While the price is above the support 190.10, resumption of uptrend is expected. We make sure when the resistance at 637.00 breaks. If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. The RSI resistance #2 at 60 is broken, so the probability of resumption of uptrend is increased. While the RSI uptrend #3 is not broken, bullish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 51. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (400.0 to 279.8). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (400.0) Ending of entry zone (279.8) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @497.75 TP2= @637.00 TP3= @748.60 TP4= @832.10 TP5= @945.70 TP6= @1148.10 TP7= @1292.20 TP8= @1610.45 TP9= @1773.75 TP10= @1986.65 TP11= @2890.00 TP12= @4088.05 TP13= Free
BLong
by ForecastCity
2
There is a possibility for the beginning of an uptrend in BCHUSDMidterm forecast: While the price is above the support 190.10, resumption of uptrend is expected. We make sure when the resistance at 637.00 breaks. If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. The RSI resistance #2 at 60 is broken, so the probability of resumption of uptrend is increased. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 78. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (400.0 to 279.0). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (400.0) Ending of entry zone (279.0) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @497.75 TP2= @637.00 TP3= @748.60 TP4= @832.10 TP5= @945.70 TP6= @1148.10 TP7= @1292.20 TP8= @1610.45 TP9= @1773.75 TP10= @1986.65 TP11= @2890.00 TP12= @4088.05 TP13= Free
BLong
by ForecastCity
A Second Chance to Buy in BCHUSD ...New trading suggestion: *The price is in a range bound and we forecast the uptrend would resume. *There is still a possibility of temporary retracement to suggested support line (832.10). if so, traders can set orders based on Price Action and expect to reach short-term targets. Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 832.10 would begin in Midterm. Technical analysis: The RSI bounced from the support #1 at 35 and it prevented the price from more losses. Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. Relative strength index (RSI) is 39. Take Profits: TP1= @ 748.60 TP2= @ 832.10 TP3= @ 945.70 TP4= @ 1120.15 TP5= @ 1292.20 TP6= @ 2026.20 TP7= @ 2811.15 TP8= @ 4088.05 TP9= Free Trade Setup: We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.04.07. Total Profit: 331814 pip Closed trade(s): 179930 pip Profit Open trade(s): 151884 pip Profit Closed Profit: TP1 @ 748.60 touched at 2018.04.13 with 12071 pip Profit. TP2 @ 832.10 touched at 2018.04.18 with 20421 pip Profit. TP3 @ 945.70 touched at 2018.04.19 with 31781 pip Profit. TP4 @ 1120.15 touched at 2018.04.20 with 49226 pip Profit. TP5 @ 1292.20 touched at 2018.04.23 with 66431 pip Profit. 12071 + 20421 + 31781 + 49226 + 66431 = 179930 pip Open Profit: Profit for one trade is 1007.60(current price) - 627.89(open price) = 37971 pip 4 trade(s) still open, therefore total profit for open trade(s) is 37971 x 4 = 151884 pip
BLong
by ForecastCity
A Second Chance to Buy in BCHUSD ...New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. * But there is still possibility of temporary retracement to suggested support line (1292.20), if so, traders can set orders based on Price Action and expect to reach short-term targets. Midterm forecast: While the level 1292.20 is not broken, the Midterm wave will be uptrend. Price may also reach 1292.20, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry depends on personal strategies. We will close our open trades, if the Midterm level 1292.20 is broken. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 66. Total Profit: 571894 pip Closed trade(s): 179930 pip Profit Open trade(s): 391964 pip Profit Trade Setup: We opened 9 BUY trade(s) @ 627.89 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.04.07. Closed Profit: TP1 @ 748.60 touched at 2018.04.13 with 12071 pip Profit. TP2 @ 832.10 touched at 2018.04.18 with 20421 pip Profit. TP3 @ 945.70 touched at 2018.04.19 with 31781 pip Profit. TP4 @ 1120.15 touched at 2018.04.20 with 49226 pip Profit. TP5 @ 1292.20 touched at 2018.04.23 with 66431 pip Profit. 12071 + 20421 + 31781 + 49226 + 66431 = 179930 pip Open Profit: Profit for one trade is 1607.80(current price) - 627.89(open price) = 97991 pip 4 trade(s) still open, therefore total profit for open trade(s) is 97991 x 4 = 391964 pip Take Profits: TP6= @ 2026.20 TP7= @ 2811.15 TP8= @ 4088.05 TP9= Free
BLong
by ForecastCity
Next possible BTC directions..resistance at 10k watchout..I am observing every resistance and at every resistance we are having drops..so we cant take out 10k level..price can go up to 10.3k and then can drop to 8.5k then if 8k exposes and cant sustain we can see 5k then end of bear market ...if 8k acted strong then u can see 14k..and from 14k too we have strong resistance which can drop price to 10-8k max...i am bullish upto 10k then market will decide and go according to market trend..i dont recommend long there becoz many sellers will be there to take profits..12k is again strong resistance...to come out of bear market 14-16k must be taken out...and this can take upto a month..
BITFINEX:BTCUSDLong
by Zakir-Ahmed