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BCHBTC trade ideas

Bitcoin Cash: In-depth Breakout Analysis 1D (Jul. 26)X Force Global Analysis: Bitcoin cash (BCH) has been showing signs of reversals through a descending wedge on a downtrend. In this analysis, we take a look at Bitcoin Cash's technical evidence to assess its bullish probabilities. Analysis - To begin with, we can notice extremely extended bullish divergences on the daily, as prices form lower lows and indicators form higher lows - The Relative Strength Index (RSI) shows a steady increase over time, demonstrating increasing trend strength - The Moving Average Convergence Divergence (MACD) also forms higher lows and higher highs as a sign of momentum - The Stochastic indicator also contributes to the bullish divergence formation on the daily, adding weight to a bullish case - Counting Elliott Waves within the descending bullish wedge, we can count Elliott triangle waves (ABCDE) leading to a breakout - The Exponential Moving Average Ribbons are converging, looking to form a potential golden cross - We have managed to close above the 0.5 Fibonacci retracement resistance, providing confirmation of a breakout - Bitcoin cash has also managed to close above the Ichimoku cloud resistance for the first time in many weeks, signaling a potential long term trend reversal What We Believe We believe that the outlook on BCH is extremely bullish based on a plethora of technicals that point to the same direction. This could potentially be the beginning of a long term trend reversal. Trade Safe.
Long
by XForceGlobal
1
BCH/BTC 1D Jul. 25Suggested Entry: 25215 Target 1: 26650 Target 2: 27800 Target 3: 28840 Stop Loss: 24250 The reason why Bitcoin Cash (BCH or BCHABC) is bullish despite having a similar setup to XRP is for two main reasons: - Technical indicators support a stronger evidence for bullish momentum - While confirmation is yet to be provided, it could be argued that BCH has broken out of the descending wedge pattern As a descending wedge pattern in a downtrend is typically identified as a bullish reversal pattern, we suggest a long position with targets leading up to previous historical resistance levels, and a tight stop loss below significant support. Trade safe.
Long
by XForceGlobal
BITCOIN CASH TBM (TO BE MONITORED) FOR LONGHello, despite I do not like the coin due to the well famous reasons, it is showing an interesting pattern and an interesting level to enter on (40bch for 1 btc). It will not be held in my ptf for long, just for a quick trade in case. The breakout was strong but not followed by other green candles, and despite we are above the support (red area), I would like to wait for a further confirmation before entering long: which is, I want to see the price above 0.026. In that case,a good pump can occur.
Long
by edutradinguru