It looks like an ascending channel takes place and the price is close to breaking out soon.
An ascending channel depicts a bearish chart formation that is angled up that identifies a countertrend succeeding the current trend if price collapses through the support line.
BCH/USD turns lower towards the 122 mark.
Bitcoin Cash: Rectangle
BCH/USD,
1 hour
LONG
Oct 1
As we can see bchusd forms a rectangle.
In case if price breaks out, the move could predict the bears have run out of steam.
A bullish move towards the 564 level looks likely.
Bitcoin Cash: Ascending Channel
BCH/USD,
1 hour
SHORT
Oct 3
There is an ascending channel diagnosed and the price is ready to break out.
If price breaks through the support, the move could signal a sharp decline.
It is not ruled out that a further bearish run towards the 600 mark will form as bchusd becomes bearish.
Bitcoin Cash: Symmetrical Triangle
BCH/USD,
4 hours
SHORT
May 22
There is a symmetrical triangle exposed, the price asks for a bigger impulse down as an information of a breakdown.
A symmetrical triangle signals a sharp decline if price breaks out to the the downside.
There is a possibility of a bearish run to the 114 mark as door open for a test of 114.
Bitcoin Cash: Rectangle
BCH/USD,
4 hours
LONG
Apr 11
As we can see a rectangle is determined, the price is ready to break out.
Once price breaks out to the the upside, the resulting move could signal a bullish price move.
BCH/USD to surge considerably to 128.
Bitcoin Cash: Ascending Channel
BCH/USD,
1 hour
SHORT
Apr 11
There is an ascending channel determined and BCH/USD requires a next active move as a sign of a breakout.
An ascending channel represents a compelling price pattern that can be used to spot a bearish price action in case if price collapses through the support line.
It is possible that a rangebound towards the 128 zone will be made.
Bitcoin Cash: Rising Wedge
BCH/USD,
1 hour
SHORT
May 21
It seems like a rising wedge is identified.
A rising wedge tends to be a bearish pattern that often spots a bearish move if price breakdown occurs.
BCH/USD set to fall towards 116.
Bitcoin Cash: Rising Wedge
BCH/USD,
1 hour
SHORT
Jun 14
A rising wedge is exposed and the price is breaking out.
In case if price breaks through the support, the resulting move could spot a bearish move.
BCH/USD risks a move to 105 on a breakout of the rising wedge.
Bitcoin Cash: Pennant
BCH/USD,
4 hours
SHORT
Oct 7
A pennant is recognized and bchusd needs a more impulse down as evidence of a breakout.
A pennant is considered to be a compelling bearish chart formation that is used to identify that the price to go down if price breaks out to the the downside.
There is a possibility of a bearish price action towards the 590 level.
Bitcoin Cash: Rectangle
BCH/USD,
1 hour
SHORT
19 hours ago
There is a rectangle happening.
A rectangle depicts a specific bearish price formation that often indicates the more likely potential of falling prices once price breaks out to the the downside.
Bchusd turns bearish to 575.
Bitcoin Cash: Ascending Channel
BCH/USD,
1 hour
SHORT
Oct 4
There is an ascending channel happening, bchusd wants a move to confirm a breakout.
An ascending channel is considered to be a price formation that is used to spot that the price to go down in case if price breaks below support.
Bchusd opens door for a move towards 600 on a breakdown of the ascending channel as bchusd becomes vulnerable.
Bitcoin Cash: Ascending Channel
BCH/USD,
1 hour
SHORT
Mar 20
There is an ascending channel taking place.
An ascending channel is a compelling bearish signal that is used to indicate that the price to go short if price breaks through the support.
It is likely that a bearish push down to the 132 mark will form on a breach of 133 amid rising bets for the move.
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