Open:
High:
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Close:
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is an ascending channel observed and the price is ready to break out now.
An ascending channel provides a specific price action pattern that is angled up that typically identifies that the price to go down once price breaks below support.
A move to the 246 level is probable on a breach of 248.5.
ASCENDING TRIANGLE
Bitcoin Cash
BCH/USD
1H
As we can see an ascending triangle is exposed.
An ascending triangle indicates a further move up in case if price breaks through the resistance.
Bchusd opens door for a move to 248 as minor hurdle remains at 247.4.
PENNANT
Bitcoin Cash
BCH/USD
1H
The price sets up a pennant.
When price breakdown occurs, the move could identify the bulls have run out of steam.
There is a probability of a bearish push down to the 244 zone as minor hurdle remains at 244.5.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is a descending channel taking place and the price asks for a next steady move to confirm a breakout.
A descending channel is a compelling bullish chart indicator that is used to identify a next move up if price breaks out to the the upside.
Bchusd tests a move towards the 248 level.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
Bchusd develops an ascending channel, bchusd expects a more correction as a sign of a breakout.
An ascending channel is a reliable price action pattern with an upward bias that can be used to signal a bearish price action once price breaks out to the the downside.
Bchusd does not rule out a move to the 260 mark on a breakout of the ascending channel.
ASCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
An ascending channel pops up.
If price breaks down, the resulting move could indicate a bearish price move.
Bchusd risks further downside towards the 265 mark on a breakdown of the ascending channel.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is a descending channel coming out, bchusd needs a further active move for the certainty of breakout.
A descending channel is believed to be a price formation that is angled down that can be used to spot a bullish price action if price breaks above resistance.
Bchusd turns higher towards 275 as the cryptocurrency challenges 270 hurdle.
DESCENDING CHANNEL
Bitcoin Cash
BCH/USD
1H
There is a descending channel observed, the price is ready to break out soon.
A descending channel is said to depict a price action signal that spots the bears have run out of steam when price breaks out.
Bchusd to enjoy a considerable gain to the 270 mark as bulls lurking in demand zone.
FALLING WEDGE
Bitcoin Cash
BCH/USD
1H
Bchusd forms a falling wedge and the price requires a bullish action as proof of a breakout.
In case if price breaks above resistance, the move could identify a next move up.
Bchusd opens door for a move to the 266 level on a breach of 265.
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