A rising wedge is very close to being finished and bchusd calls for a bigger correction for the certainty of breakout.
A rising wedge can be thought of as a technical price pattern that typically indicates a move down when price breakdown occurs.
Bchusd risks extra downside to the 475 zone.
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.
Bitcoin Cash: Descending Channel
BCH/USD,
1 hour
LONG
Sep 28
A descending channel has been exposed and the price lacks a next active move as an indication of a breakout.
A descending channel spots a sharp rise if price breaks out.
A further bullish price action to the 546 zone is likely as bulls look for entries.
Bitcoin Cash: Ascending Channel
BCH/USD,
1 hour
SHORT
Oct 10
It seems like an ascending channel is almost finished, the price is breaking out.
When price breakdown occurs, the move could indicate that the price to go short.
Bchusd set to lose more ground towards 585 amid the cryptocurrency recedes from tops.
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.
Bitcoin Cash: Ascending Channel
BCH/USD,
1 day
SHORT
Sep 26
An ascending channel is almost completed, bchusd wants a further move as a verification of a breakout.
In case if price collapses through the support line, the resulting move could spot a countertrend succeeding the current trend.
Bchusd looks for a setback towards the 540 level on a breakout of the ascending channel.
Bitcoin Cash: Ascending Channel
BCH/USD,
1 hour
SHORT
Sep 25
The price gives an ascending channel, the price is about to break out.
Once price breaks out, the move could indicate a break in the price direction.
Corrective downside to 554 about to be made.
Bitcoin Cash: Falling Wedge
BCH/USD,
1 hour
LONG
Oct 9
A falling wedge is almost done.
A falling wedge typically indicates a bullish price action in case if price breaks out to the the upside.
Bchusd to continue the appreciation trend towards the 580 zone.
Bitcoin Cash: Ascending Channel
BCH/USD,
4 hours
SHORT
Apr 19
There is an ascending channel diagnosed and the price is close to breaking out now.
An ascending channel identifies a change in the prevailing trend in case if price breaks through the support.
BCH/USD targets a move to 130 once below 131.5 as the cryptocurrency nears 131.5 hurdle.
Bitcoin Cash: Descending Channel
BCH/USD,
1 hour
LONG
Oct 1
It seems like a descending channel has been distinguished, bchusd requires an active move as a signal of a breakout.
A descending channel represents a chart signal that is used to spot a move up when price breaks out.
It is possible that a bullish push up to 564 will happen.
Bitcoin Cash: Descending Channel
BCH/USD,
1 hour
LONG
Sep 28
A descending channel is very close to being finished and the price asks for a bigger impulse up as a verification of a breakout.
Once price breaks out, the resulting move could identify that prices are likely to keep rallying upward.
Bchusd to move upward to 540 on a break above 539.
Bitcoin Cash: Rectangle
BCH/USD,
4 hours
LONG
Oct 1
There is a rectangle revealed.
A rectangle spots a bullish price move once price breaks out.
Bchusd to strengthen towards 565 on a breakout of the rectangle as bchusd becomes bid.
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