Hi guys, let's review the current situation on Bitcoin Cash.
Bitcoin Cash continue to crash all resistance levels one by one and aspire to the moon. For the last couple weeks BCH price increased by over 200% and trading above 300 at the moment. To be honest I didn't expect this huge rise and it was very much surprising to me. Overall, I expected that BCH will rise but not so much. As I see there is only one main resistance remained on its course. I indicated this resistance area from 390 to 420. Also, take a note on weekly volume. It's extremely high and usually after such huge volume we can expect some price correction. Let's see how far BCH price can go.
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Bitcoin Cash continue to crash all resistance levels one by one and aspire to the moon. For the last couple weeks BCH price increased by over 200% and trading above 300 at the moment. To be honest I didn't expect this huge rise and it was very much surprising to me. Overall, I expected that BCH will rise but not so much. As I see there is only one main resistance remained on its course. I indicated this resistance area from 390 to 420. Also, take a note on weekly volume. It's extremely high and usually after such huge volume we can expect some price correction. Let's see how far BCH price can go.
If this post is useful to you, you can support me with like/boost and leave comments below.
Many thanks.
Note
As was expected BCH price a bit stalled but main thing is that weekly candle closed above upper bound of resistance area. This indicate that BCH still can go and test 400 resistance. It will be interesting to see how this week candle will close. If it won't rise much or even slip under 290 than we can say about correction phase.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ FYBIT exchange. I recommend. No KYC, available in all countries. fybit.com/Account/Register/OMNP5
🔥 My Twitter - x.com/Real_CryptoRoy
▶️ Telegram - t.me/Real_CryptoRoy
🔥 My Twitter - x.com/Real_CryptoRoy
▶️ Telegram - t.me/Real_CryptoRoy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.