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CANAL ASCENDANT
Bitcoin Cash
BCH/USD
1H
It looks like an ascending channel is found, the price wants next active push down to confirm ascending channel breakdown.
When price breaks below support, the resulting move could indicate a move down.
There is a probability of a bearish move to the 225 zone on a breakout of the ascending channel.
BISEAU ASCENDANT
Bitcoin Cash
BCH/USD
1H
It seems like bchusd establishes a rising wedge and bchusd demands a next bigger move as a verification of a breakdown.
In case if price breaks down, the resulting move could identify a breakdown is likely to occur.
It is possible that decline to the 215 zone will occur.
BISEAU ASCENDANT
Bitcoin Cash
BCH/USD
1H
A rising wedge is very close to being completed, the price wants a correction as evidence of a breakout.
A rising wedge provides a useful bearish price action indicator that often signals that the price to go short once price collapses through the support line.
A bearish push down to 215 is going to happen as bears look for entries.
CANAL DESCENDANT
Bitcoin Cash
BCH/USD
1H
There is a descending channel developing.
A descending channel suggests a bullish price action formation with a downward bias that often predicts a move up if price breaks through the resistance.
Bchusd to recover bullish potential towards 204 on impulse above 202.
CANAL DESCENDANT
Bitcoin Cash
BCH/USD
1H
The price completes a descending channel.
A descending channel identifies a chart indicator that indicates an interruption of a downtrend if price breaks out.
There is a possibility of a bullish push up to the 202 mark as the cryptocurrency challenges 200.5 hurdle.
RECTANGLE
Bitcoin Cash
BCH/USD
4H
It looks like a rectangle is very close to being finished and the price is close to breaking out.
If price breaks out, the resulting move could identify a further move up.
It is not ruled out that a bullish continuation towards 210 will happen.
CANAL ASCENDANT
Bitcoin Cash
BCH/USD
1H
An ascending channel is almost finished.
An ascending channel denotes a bearish indicator that is used to predict that the price to go short in case if price breaks through the support.
It is likely that a move to 196 will occur on a breach of 198.
CANAL ASCENDANT
Bitcoin Cash
BCH/USD
1H
There is an ascending channel noticed and bchusd requires a next bearish move as a verification of a breakout.
An ascending channel is a price action formation that often predicts a bearish price move once price breaks through the support.
It is not ruled out that a bearish push down towards the 198 level will form as the cryptocurrency is at a brink of a bearish breakout.
FANION
Bitcoin Cash
BCH/USD
4H
It seems like a pennant is exposed, the price lacks a further move as an indication of a breakout.
If price breaks above resistance, the move could predict an extension in the upward direction.
Bchusd could attempt a move towards 205 as the cryptocurrency looks bid.
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