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Bchusdt

Bitcoin Cash: Breakout or Breakdown? Critical Levels to Watch!Yello, Paradisers! Have you noticed the recent patterns forming in BCHUSDT? It's shaping up to be a pivotal moment for Bitcoin Cash. Let’s dive into the details! 💎BCHUSDT has recently taken liquidity and is forming a triangle pattern. On the lower timeframes, BCH has developed a W pattern, which typically signals a higher probability of a bullish move. However, to confirm this and target higher levels, we need a breakout and a candle closing above the resistance zone. This confirmation would significantly increase the likelihood of a bullish continuation. 💎If BCH breaks out and closes candle above the resistance zone, it would validate the bullish W pattern and open the door for higher targets. 💎In the event of a pullback, we can expect a bounce from the support zone, potentially forming a triple bottom, which is another bullish sign. 💎Conversely, if BCH breaks down and closes below the support zone, it will invalidate our bullish outlook. Stay focused, patient, and disciplined, Paradisers. This is the only way you can make it far in your crypto trading journey. Be a PRO💰 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Keep a close eye on BCHUSDT as it approaches crucial levels👀💎 Paradisers, #BCH is approaching the supportive trendline and the previously broken resistance area, which might now serve as a support. 💎If #BCHUSDT breaks its higher low and exhibits signs of a Change of Character (CHoCH) and Break of Structure (BOS) from this support zone, we can expect a bounce to the next swing resistance. 💎However, if there is no confirmation and the support zone along with the supportive trendline break down, it will be viewed as bearish. Nonetheless, there is another support zone below this, which is considered stronger. Even so, confirmation is crucial before taking action there as well.
by MyCryptoParadise_Nathan
BCH: We might see a rebound from there.🚀💎 Paradisers, #BCH is currently experiencing panic selling, and I am expecting a potential breakdown of the supportive trendline to gather liquidity for an upward trend. 💎If #BCHUSDT breaks below the trendline and exhibits a Change of Character (CHoCH) and Break of Structure (BOS) from the bullish Order Block (OB), which coincides with the Fibonacci 0.618 level, we might see a rebound from this point. 💎However, if the price falls below this level, it would typically be considered bearish. In this scenario, I would recommend not focusing on this move.
by MyCryptoParadise_Nathan
💡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
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