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Bitcoin Cash · BCH/USD

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Bitcoin Cash: Descending Channel

BCH/USD, 1 hour    LONG Jun 20
It seems like a descending channel is revealed and BCH/USD lacks a next bigger bullish move to confirm descending channel breakout. Once price breaks through the resistance, the move could spot that the price to go up. BCH/USD to head towards the 107 zone on a breach of 106.8 as bulls seeking a new high.
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Bitcoin Cash: Descending Channel

BCH/USD, 1 hour    LONG Jun 20
A descending channel is nearing completion and the price is close to breaking out now. When price breaks above resistance, the resulting move could indicate a next move up. BCH/USD does not rule out a move to 107 on a breakout of the descending channel as the wind continues blowing in favor of BCH/USD.
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Bitcoin Cash: Descending Channel

BCH/USD, 1 hour    LONG Jun 19
BCH/USD sets up a descending channel, BCH/USD lacks a strong bullish action for clear breakout confirmation. Once price breaks above resistance, the resulting move could predict a break in the price direction. BCH/USD to increase bullish potential towards the 107 mark amid the cryptocurrency reclaims part of the ground lost.
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Bitcoin Cash: Bearish Rectangle

BCH/USD, 1 day    SHORT Jun 6
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Bitcoin Cash: Bearish Rectangle

BCH/USD, 1 day    SHORT Jun 6
BCH/USD establishes a bearish rectangle and the price needs a strong move as an information of a breakout. If price collapses through the support line, the move could predict that the price to go short. It is possible that a bearish run to the 105 level will take place as the cryptocurrency loses bullish momentum.
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Bitcoin Cash: Ascending Channel

BCH/USD, 1 hour    SHORT Apr 19
An ascending channel is almost finished, BCH/USD expects an active move to confirm a breakdown. In case if price breaks out, the resulting move could predict a further move down. BCH/USD turns bearish to the 131 zone on a breakout of the ascending channel.
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Bitcoin Cash: Descending Triangle

BCH/USD, 1 hour    SHORT May 8
As we can see a descending triangle pops up and the price calls for a more steady move to confirm descending triangle breakout. If price breaks out, the move could signal that the price to go short. BCH/USD to prolong the corrective phase to the 115.5 zone on impulse below 115.8 as upside pressure mitigates.
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Bitcoin Cash: Rectangle

BCH/USD, 1 hour    SHORT Mar 27
There is a rectangle exposed, BCH/USD requests a more active bearish move for clear breakout confirmation. A rectangle represents a technical bearish formation that is used to spot extending an downtrend once price breaks down. BCH/USD to head towards 123 on a breach of 123.6.
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Bitcoin Cash: Bearish Flag

BCH/USD, 1 day    SHORT May 25
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Bitcoin Cash: Bearish Flag

BCH/USD, 1 day    SHORT May 25
A bearish flag is very close to being finished and the price is about to break out. If price breaks out, the move could spot the more likely potential of falling prices. It is not ruled out that a bearish run to 110 will form on a breakout of the bearish flag.
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Bitcoin Cash: Ascending Triangle

BCH/USD, 1 hour    LONG May 14
It seems like the price forms an ascending triangle, BCH/USD requests a further bigger move as a verification of a breakout. An ascending triangle identifies a price action indicator that is used to identify a move up once price breaks above resistance. It is not ruled out that a move towards 114.5 will be made.
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Bitcoin Cash: Symmetrical Triangle

BCH/USD, 1 hour    SHORT Apr 30
There is a symmetrical triangle appearing, the price breaks out now. A symmetrical triangle is believed to be a useful bearish price action signal that spots a next move down once price breakdown occurs. A bearish run towards 118.5 is a possibility once below 119.
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