It looks like a pennant is close to being complete and the price is breaking out.
A pennant often predicts a bearish move if price breakdown occurs.
BCH/USD targets a move to 119 as the cryptocurrency becomes offered.
Bitcoin Cash: Bearish Flag
BCH/USD,
1 hour
SHORT
Apr 23
There is a bearish flag emerging, the price is ready to break out.
A bearish flag often results in a bearish move once price breaks out.
It is possible that a bearish run towards 121 will occur on a breach of 122.
Bitcoin Cash: Ascending Channel
BCH/USD,
1 hour
SHORT
Mar 30
As we can see an ascending channel happens, the price is close to breaking out now.
An ascending channel is a reliable price signal that signals the bulls have run out of steam when price breaks down.
BCH/USD could recede to 122 on a breakdown of the ascending channel.
Bitcoin Cash: Rectangle
BCH/USD,
1 hour
LONG
Mar 12
A rectangle has been identified, BCH/USD demands a more bigger move for clear breakout confirmation.
A rectangle represents a reliable chart indicator that often indicates an extension in the upward direction when price breaks out to the the upside.
There is a chance of a move towards the 115 zone as downside pressure seen easing.
Bitcoin Cash: Pennant
BCH/USD,
1 hour
LONG
Apr 12
There is a pennant poping up, BCH/USD wants a more bigger move as evidence of a breakout.
Once price breaks out to the the upside, the resulting move could indicate a move up.
A rangebound towards the 130 zone is going to happen.
Bitcoin Cash: Descending Channel
BCH/USD,
4 hours
LONG
Mar 11
There is a descending channel revealed, BCH/USD needs a next steady bullish impulse as an indication of a breakout.
A descending channel is a price action indicator that can be used to predict that the price to go long once price breaks out.
A further bullish move towards 115 is probable on a breach of 112 as minor hurdle remains at 112.
Bitcoin Cash: Pennant
BCH/USD,
1 hour
LONG
May 17
There is a pennant taking place.
If price breaks out to the the upside, the resulting move could identify that the price to go long.
There is a possibility of a move to 118 as bulls looking for profit.
Bitcoin Cash: Ascending Channel
BCH/USD,
1 hour
SHORT
Apr 2
There is an ascending channel recognized.
An ascending channel typically spots that the price to go short once price breaks out to the the downside.
BCH/USD to suffer further downside towards the 124 zone once below 125.
Bitcoin Cash: Ascending Channel
BCH/USD,
1 hour
SHORT
May 23
An ascending channel has been exposed and the price is ready to break out.
An ascending channel identifies a specific formation that typically identifies extending an downtrend once price breaks out to the the downside.
BCH/USD risks extra downside towards 115.
Bitcoin Cash: Rectangle
BCH/USD,
1 hour
LONG
Apr 16
There is a rectangle developing.
A rectangle can be thought of as a useful bullish signal that is used to indicate a bullish price move once price breaks out.
It is not ruled out that a bullish push up to the 133.5 mark will form while above 133 as BCH/USD challenges 133 hurdle.
Bitcoin Cash: Descending Channel
BCH/USD,
1 hour
LONG
May 22
A descending channel has been determined and the price is ready to break out.
When price breaks through the resistance, the move could spot a break during a downtrending market.
BCH/USD embarks on a bullish correction towards 116 on impulse above 115 as bulls seeking a new high.
Bitcoin Cash: Ascending Channel
BCH/USD,
1 hour
SHORT
Jun 19
It seems like an ascending channel is spotted and the price calls for a more steady move as evidence of a breakout.
An ascending channel typically spots a bearish price action when price breaks down.
It is not ruled out that a bearish push down towards 106 will take place on a break below 106.2 as door open for a test of 106.
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