empty
25.02.2025 10:06 AM
BCH/USD - Current Analysis of the Situation and Outlook

This image is no longer relevant

As the new trading week begins, bearish traders are actively working to break out of the consolidation zone and distance themselves from the influence of the monthly level at 329.98. To achieve this, they must push the price below the recent low of 272.32, which would reestablish the downward trend. If successful, the next bearish targets will be within the range of the weekly downward targets for breaking through the Ichimoku cloud, specifically between 210.79 and 154.37.

This image is no longer relevant

During the consolidation phase, the market lingered around the 329.98 level for an extended period, where the daily short-term trend and the final level of the monthly Ichimoku cross converged. However, these levels have now separated. If market sentiment shifts, bullish players will need to regain their position. This entails overcoming not only the monthly resistance at 329.98 but also the resistances of the daily "death cross," which are currently located at 305.95, 338.33, 358.72, and 379.11.

This image is no longer relevant

On lower timeframes, bears currently hold the upper hand, driving the downtrend. The only untested and unbroken support level for them remains the final support of the classic Pivot levels at S3, which is at 266.66. If the decline halts and bullish activity returns to the market, the main targets for a corrective rebound will be the key levels on lower timeframes, specifically at 311.68 (the central daily Pivot level) and 318.69 (the weekly long-term trend). A breakout and reversal of this trend could significantly alter the current balance of power in the market.

***

Technical Analysis Components:
  • Higher Timeframes: Ichimoku Kinko Hyo (9.26.52) and Fibonacci Kijun levels
  • H1: Classic Pivot Points and 120-period Moving Average (weekly long-term trend)
Evangelos Poulakis,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Signals for GOLD (XAU/USD) for April 15-18, 2025: sell below $3,220 (+1/8 Murray - 21 SMA)

Early in the American session, gold is trading around 3,220, showing signs of exhaustion. A further technical correction toward the 21SMA is likely in the coming hours

Dimitrios Zappas 14:05 2025-04-15 UTC+2

Forecast for GBP/USD on April 15, 2025

On the hourly chart, the GBP/USD pair continued rising on Monday and secured a position above the 1.3139 level. Thus, the upward movement may continue toward the next Fibonacci corrective

Samir Klishi 11:59 2025-04-15 UTC+2

Forecast for EUR/USD on April 15, 2025

On Monday, the EUR/USD pair continued to rise but returned by the end of the day to the 261.8% Fibonacci retracement level at 1.1318. A double rebound from this level

Samir Klishi 11:55 2025-04-15 UTC+2

Forex forecast 15/04/2025: EUR/USD, GBP/USD, USD/JPY, USD/CAD and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 09:44 2025-04-15 UTC+2

Forex forecast 14/04/2025: EUR/USD, GBP/USD, USD/JPY, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 08:54 2025-04-15 UTC+2

Technical Analysis of Intraday Price Movement of EUR/JPY Cross Currency Pairs, Tuesday April 15, 2025.

With the appearance of Divergence between the price movement of the EUR/JPY cross currency pair with the Stochastic Oscillator indicator also followed by the presence of the Bullish 123 pattern

Arief Makmur 07:13 2025-04-15 UTC+2

Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Tuesday April 15, 2025.

On the 4-hour chart, the GBP/AUD cross currency pair appears to be moving below its EMA (21) and the Stochastic Oscillator indicator is in a Crossing SELL condition

Arief Makmur 07:13 2025-04-15 UTC+2

Trading Signals for GOLD (XAU/USD) for April 14-17, 2024: sell below $3,224 (+1/8 Murray - 21 SMA)

Our trading plan for the coming hours is to sell gold below 3,224, with targets at 3,203 and 3,156. We should be alert to any technical rebound, as the outlook

Dimitrios Zappas 15:59 2025-04-14 UTC+2

Forecast for EUR/USD on April 14, 2025

On Friday, the EUR/USD pair continued to rise but pulled back in the second half of the day. The decline (i.e., dollar strengthening) was short-lived

Samir Klishi 12:28 2025-04-14 UTC+2

Forecast for GBP/USD on April 14, 2025

On the hourly chart, the GBP/USD pair continued its upward movement on Friday and today is on track to reach the 1.3151 level. A bounce from this level will favor

Samir Klishi 12:25 2025-04-14 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.