BCH

Place · 19 articles
Share

All coverage

page 1 of 1

$BCH — Buyers Are Trying To Break The Downtrend !!

SET:BCH has bounced from the demand zone twice, showing that buyers are still defending this area. But even after the recovery, price is still trading below the descending trendline, which remains the main barrier for the bullish move. Now BCH is trying to push higher again. The key confirmation is a strong green candle breaking the descending trendline and the nearby resistance together. If buyers can close above that area and hold it, the current recovery can develop into a stronger upside move. For now, the demand zone remains important. Hold there + strong breakout above the trendline = bullish continuation setup. A rejection from the trendline/resistance would keep the structure under pressure.

TITradingView Ideas17 Sept

BCHUSDT Long: Bulls Ready to Strike?

Yello Paradisers! is #BCH preparing for its next bullish impulse from this key retracement zone? 💎#BCH has started showing several signs that the bearish pressure may be weakening. Price first formed a hidden bullish divergence near the bottom and then shifted from printing lower lows into a higher-high structure. This change was followed by a strong bullish impulse, suggesting that momentum may be starting to shift in favor of buyers. 💎What makes the current structure even more interesting is the weakness of the corrective moves. After the first bullish impulse, #BCH moved lower only through a relatively weak correction, indicating limited selling pressure. The following bullish impulse was again strong, while the next correction once more failed to show meaningful bearish strength. 💎This type of price action often signals that sellers are gradually losing control while buyers are becoming more aggressive. 💎At the moment, BCHUSDT appears to be forming an ABC correction of the latest bullish impulse. More importantly, price has now reached the 0.618–0.786 Fibonacci retracement zone, an area where a new bullish impulse could potentially begin if buyers step back into the market. 💎For that reason, the current zone represents an attractive area to monitor for a potential long setup. However, entering blindly would be a mistake. We still want to see clear bullish confirmation from this zone before considering the setup validated. The structure is becoming increasingly favorable for buyers, but patience remains essential. A strong trader does not chase the market; the priority is always to wait for confirmation and take only the highest-probability opportunities. Strive for consistency Paradisers, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴

TITradingView Ideas15 Sept