Open:
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Low:
Close:
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
We can see that an ascending channel appears and the price is about to break out now.
In case if price collapses through the support line, the move could indicate a bearish price action.
There is a chance of a further bearish run to the 625 zone on a breakout of the ascending channel.
FALLING WEDGE
Bitcoin Cash
BCH/USD
1H
We can see that a falling wedge is close to completion, the price breaks out.
A falling wedge provides a technical price action signal that is used to predict a trend change to the upside once price breaks out to the the upside.
There is a chance of a bullish move towards 635.
DESCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
As we can see a descending triangle arises, the price is ready to break out.
A descending triangle provides a chart pattern that can be used to signal a sharp decline if price breaks below support.
Bchusd is at risk of extending its slump to 625 once below 627 as extra rangebound not ruled out.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
A descending channel is close to being complete, the price is ready to break out soon.
A descending channel signals a bullish move once price breaks out.
It is possible that a rangebound towards 640 will form on a breach of 636.
FALLING WEDGE
Bitcoin Cash
BCH/USD
1H
As we can see a falling wedge forms and the price is about to break out.
Once price breaks out to the the upside, the resulting move could spot a temporary interruption of an existing trend.
Bchusd to recover bullish potential towards 635.
PENNANT
Bitcoin Cash
BCH/USD
1H
Bchusd forms a pennant and the price expects a move as proof of a breakdown.
A pennant often indicates extending an downtrend once price breaks out.
A bearish move towards 640 stays on the cards.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
4H
It seems like bchusd establishes an ascending channel.
An ascending channel is a useful price action indicator that can be used to identify a change in the prevailing trend if price breaks out to the the downside.
A bearish continuation to the 620 zone is not ruled out.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
An ascending channel is discovered, the price is breaking out.
When price breaks through the support, the move could signal a next move down.
Bchusd to continue lower towards 645 on a downside break as the cryptocurrency becomes weaker.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is an ascending channel spotted, the price requires an active move for the certainty of breakout.
When price breaks out to the the downside, the resulting move could signal a bullish-to-bearish trend reversal.
It is likely that a bearish continuation to 645 will form once below 646 as outlook for the cryptocurrency stays negative.
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