💎 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...
💎 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,...
Signifies consolidation and accumulation.
The price sets lower high and higher lows respecting two trendlines to identify markets future direction, one should wait for bearish or Bullish breakout of the triangle pattern
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...
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck
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...
$BCH
Keep an eye on BCH if daily closes above 610$. Then I cant see any resistance till 733$, that would be easy 20% capital growth, with SL at 548.
BCH has no much movement in volume as well even after down trend breakout.
