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BISEAU DESCENDANT
Bitcoin Cash
BCH/USD
1H
Bchusd establishes a falling wedge and the price demands a more move to confirm a breakout.
Once price breaks out to the the upside, the move could spot a next move up.
It is possible that a bullish run to 580 will take place once beyond 577 as downside pressure seen easing.
CANAL DESCENDANT
Bitcoin Cash
BCH/USD
4H
It looks like a descending channel appears and the price requests a further move to confirm descending channel breakout.
A descending channel tends to be a specific bullish price action pattern that typically predicts a bullish price action when price breaks through the resistance.
A bullish price action to the 590 level is not ruled out on a breakout of the descending channel.
CANAL ASCENDANT
Bitcoin Cash
BCH/USD
1H
There is an ascending channel poping up and the price is going to break out soon.
An ascending channel typically signals prices are likely to keep falling downward once price breaks out to the the downside.
A further bearish move to the 560 zone is going to happen.
TRIANGLE ASCENDANT
Bitcoin Cash
BCH/USD
1H
It seems like an ascending triangle is close to being completed, the price is ready to break out.
An ascending triangle results in the bears have run out of steam if price breaks above resistance.
There is a chance of a bullish push up towards the 580 zone as the cryptocurrency becomes bid.
CANAL DESCENDANT
Bitcoin Cash
BCH/USD
1H
There is a descending channel uncovered, bchusd demands rise as a sign of a breakout.
A descending channel provides a reliable bullish signal that results in that the price to go long once price breaks out to the the upside.
Bchusd to have better chances of advancing to 570 as risk reversal sheds bearish bias.
BISEAU DESCENDANT
Bitcoin Cash
BCH/USD
4H
A falling wedge turns up and the price is about to break out soon.
A falling wedge tends to be a reliable price action indicator that typically results in a bullish move when price breaks out.
It is likely that a bullish run towards 580 will occur on a upside break.
CANAL DESCENDANT
Bitcoin Cash
BCH/USD
1H
There is a descending channel developing and bchusd lacks a further bigger move as a sign of a breakout.
A descending channel typically spots a bullish price move in case if price breaks out.
Bchusd to move up towards 565 while above 562 as the cryptocurrency sticks to the positive mood.
RECTANGLE
Bitcoin Cash
BCH/USD
4H
It seems like the price sets up a rectangle.
A rectangle can be thought of as a reliable price action formation that is used to identify a move down in case if price breaks out.
Decline to the 550 zone is not ruled out as bchusd becomes offered.
CANAL DESCENDANT
Bitcoin Cash
BCH/USD
1H
A descending channel develops and the price requests a next active move for the certainty of breakout.
If price breaks out, the resulting move could identify a break during a downtrending market.
A further rangebound towards the 580 zone is probable.
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