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Bitcoin Cash · BCH/USD

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Bitcoin Cash: Falling Wedge

BCH/USD, 4 hours    LONG May 26
19202122232425262728109110111112113114115116117118119120121↓ resistance ↓↑ support ↑breakoutBCH/USD · 4H · 26 May 2023
A falling wedge pops up. In case if price breaks through the resistance, the move could identify a temporary interruption of an existing trend. There is a probability of a bullish push up towards the 114 zone on a upside break as there is a chance for a upside correction.
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Bitcoin Cash: Descending Channel

BCH/USD, 1 hour    LONG Apr 22
2112:002212:0023115116117118119120121122123124125126127128129↓ resistance ↓↑ support ↑breakoutBCH/USD · 1H · 22 Apr 2023
There is a descending channel determined. A descending channel represents a technical price signal that is used to identify a bullish price move once price breaks through the resistance. BCH/USD points to the upside to the 122 mark as downside pressure alleviates.
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Bitcoin Cash: Descending Channel

BCH/USD, 1 hour    LONG Apr 15
1312:001412:001512:0016127.0127.5128.0128.5129.0129.5130.0130.5131.0131.5132.0132.5133.0133.5134.0134.5135.0135.5136.0↓ resistance ↓↑ support ↑breakoutBCH/USD · 1H · 15 Apr 2023
It seems like a descending channel takes place and the price is going to break out now. A descending channel describes a chart pattern that often signals a further move up if price breaks out to the the upside. There is a possibility of a bullish move towards the 133 zone on a break above 132.4 as risk reversal sheds bearish bias.
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Bitcoin Cash: Ascending Triangle

BCH/USD, 1 hour    SHORT Mar 19
1812:001912:0020128129130131132133134135136137138139140↓ resistance ↓↑ support ↑breakoutBCH/USD · 1H · 19 Mar 2023
The price builds an ascending triangle. An ascending triangle identifies a bearish price move in case if price breaks below support. BCH/USD does not rule out a move towards 134 on a breach of 134.5.
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Bitcoin Cash: Descending Channel

BCH/USD, 1 hour    LONG Mar 26
12:002512:002612:00121.0121.5122.0122.5123.0123.5124.0124.5125.0125.5126.0126.5127.0127.5128.0128.5129.0↓ resistance ↓↑ support ↑breakoutBCH/USD · 1H · 26 Mar 2023
As we can see a descending channel is close to being finished. A descending channel denotes a technical price action indicator that typically results in price heading to a new direction once price breaks above resistance. A bullish continuation towards 126 is on the way once beyond 125.6.
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Bitcoin Cash: Ascending Channel

BCH/USD, 1 hour    SHORT May 23
12:002212:002312:0024112.0112.5113.0113.5114.0114.5115.0115.5116.0116.5117.0117.5118.0118.5↓ resistance ↓↑ support ↑breakoutBCH/USD · 1H · 23 May 2023
There is an ascending channel happening, the price demands a bearish action to confirm a breakdown. An ascending channel tends to be a specific bearish chart formation that has an upward slope that often indicates that the price to go down when price breaks down. It is likely that further decline to the 115 zone will happen.
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Bitcoin Cash: Ascending Triangle

BCH/USD, 4 hours    SHORT Jun 5
Jun 5107108109110111112113114115116117118↓ resistance ↓↑ support ↑breakoutBCH/USD · 4H · 5 Jun 2023
We can see that an ascending triangle has been spotted. An ascending triangle is said to depict a specific bearish formation that can be used to signal the more likely potential of falling prices once price breaks out. There is a probability of a bearish move to 114 on a breakout of the ascending triangle.
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Bitcoin Cash: Descending Channel

BCH/USD, 1 hour    LONG Apr 21
12:002012:002112:00118119120121122123124125126127128129130131132133134↓ resistance ↓↑ support ↑breakoutBCH/USD · 1H · 21 Apr 2023
It seems like a descending channel has been encountered, the price is about to break out soon. A descending channel typically identifies the bears have run out of steam in case if price breaks out. BCH/USD violates bearish trendline towards 124 as bulls looking for upside correction.
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Bitcoin Cash: Pennant

BCH/USD, 1 hour    LONG Mar 28
2712:002812:0029116117118119120121122123124125126↓ resistance ↓↑ support ↑breakoutBCH/USD · 1H · 28 Mar 2023
There is a pennant poping up and BCH/USD requires a bit more consolidation as a verification of a breakout. In case if price breaks through the resistance, the resulting move could identify a sharp rise. BCH/USD looks north towards 122.
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Bitcoin Cash: Descending Channel

BCH/USD, 4 hours    LONG Jun 2
262728293031Jun 2 3 4111.0111.5112.0112.5113.0113.5114.0114.5115.0115.5116.0116.5117.0117.5↓ resistance ↓↑ support ↑breakoutBCH/USD · 4H · 2 Jun 2023
There is a descending channel developing. A descending channel typically predicts a move up if price breaks through the resistance. BCH/USD to resume its rise towards 115.
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Bitcoin Cash: Bearish Flag

BCH/USD, 1 hour    SHORT Jun 11
1012:001112:001296979899100101102103104105106107108109110111112113114↓ resistance ↓↑ support ↑breakoutBCH/USD · 1H · 11 Jun 2023
There is a bearish flag appearing and the price is going to break out. A bearish flag predicts price heading to a new direction if price breaks down. BCH/USD hints a change to the downside towards 101 as BCH/USD probes 102 hurdle.
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Bitcoin Cash: Falling Wedge

BCH/USD, 1 hour    LONG May 5
412:00 512:00116.0116.5117.0117.5118.0118.5119.0119.5120.0120.5121.0↓ resistance ↓↑ support ↑breakoutBCH/USD · 1H · 5 May 2023
A falling wedge occurs, the price is about to break out now. A falling wedge depicts a useful price action pattern that is angled down that predicts a tendency to break in the opposite direction when price breaks out. There is a possibility of a further bullish price action towards 119.
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