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Bitcoin Cash · BCH/USD

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Bitcoin Cash: Descending Triangle

BCH/USD, 4 hours    LONG Mar 31
It seems like a descending triangle has been spotted. A descending triangle is believed to be a compelling bullish price action formation that is used to indicate an extension in the upward direction if price breaks out to the the upside. A bullish price action to 126 is likely to happen on a breakout of the descending triangle.
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Bitcoin Cash: Rectangle

BCH/USD, 1 hour    SHORT May 21
A rectangle has been found and the price is about to break out soon. A rectangle is a useful chart indicator that is used to identify a bearish move in case if price breaks out. BCH/USD is bearish and en route to 114.5 on a breakdown of the rectangle as minor hurdle remains at 114.7.
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Bitcoin Cash: Ascending Channel

BCH/USD, 1 hour    SHORT Mar 20
As we can see the price completes an ascending channel, the price calls for an active move as proof of a breakout. An ascending channel predicts the more likely potential of falling prices in case if price breaks down. It is not ruled out that decline towards the 132 mark will be made.
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Bitcoin Cash: Descending Channel

BCH/USD, 1 hour    LONG Mar 31
A descending channel develops, the price breaks out. A descending channel tends to be a bullish chart indicator that is used to indicate a break in the price direction when price breaks through the resistance. A further bullish run to 123 looks probable on a break above 122.
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Bitcoin Cash: Rising Wedge

BCH/USD, 1 hour    SHORT Apr 17
The price composes a rising wedge. If price breaks below support, the move could identify an upward trend is nearing its end. BCH/USD is at risk of resuming its decline to 133 on a downside break.
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Bitcoin Cash: Falling Wedge

BCH/USD, 4 hours    LONG May 20
We can see that a falling wedge is distinguished. A falling wedge is a compelling signal that often results in a bullish price move if price breaks through the resistance. BCH/USD to prolong the growth phase towards 118 as the cryptocurrency resumes the upside.
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Bitcoin Cash: Ascending Channel

BCH/USD, 1 hour    SHORT Mar 7
There is an ascending channel detected. An ascending channel depicts a price action pattern that is angled up that indicates a bearish move when price breaks out. BCH/USD could attempt a move towards 122 on a breakdown of the ascending channel as the cryptocurrency is at a brink of a bearish breakout.
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Bitcoin Cash: Descending Channel

BCH/USD, 1 hour    LONG Apr 28
It looks like a descending channel is very close to being finished. A descending channel identifies a useful pattern with a downward bias that can be used to spot a break in the price direction in case if price breaks above resistance. A further bullish move towards 119 is a possibility on a breakout of the descending channel.
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Bitcoin Cash: Descending Triangle

BCH/USD, 1 hour    LONG May 20
It seems like the price completes a descending triangle and BCH/USD demands a more steady move as a clue of a breakout. Once price breaks above resistance, the resulting move could indicate that the price will rally further. BCH/USD to continue higher to the 116 level as BCH/USD probes 115.6 hurdle.
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Bitcoin Cash: Descending Triangle

BCH/USD, 1 hour    LONG Jun 1
It looks like a descending triangle is close to being finished and the price requests a more move to confirm a breakout. A descending triangle tends to be a compelling bullish price indicator that indicates a pause in a downtrending market in case if price breaks out. BCH/USD to accomodate to the 113.5 mark on a breakout of the descending triangle.
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Bitcoin Cash: Bullish Flag

BCH/USD, 1 hour    LONG Mar 19
There is a bullish flag materializing, the price is breaking out. A bullish flag is a reliable price action pattern that is angled down that can be used to signal a move up once price breaks out to the the upside. BCH/USD to continue higher towards the 136 mark as the cryptocurrency nears 135 hurdle.
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Bitcoin Cash: Ascending Channel

BCH/USD, 1 hour    SHORT Apr 2
We can see that the price shapes an ascending channel, the price lacks a next strong move as proof of a breakdown. An ascending channel is believed to be a technical indicator that is used to signal prices are likely to keep falling downward in case if price breaks below support. BCH/USD risks further downside to the 123 level on impulse below 123.6.
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