Looking at the most famous Bitcoin fork - Bitcoin Cash. BCHBTC was trading in a correction pattern since the November pump and formed a pennant figure. From the higher picture, the pair established a strong Trend Line and bounces off this line whenever the price reaches it. Yesterday BCH touched this Trend Line and immediately pushed back, forming a long shadow of the price candle. Overall, the coin looks oversold, so it seems that new bounce off the Trend Line could be forming right now.
Boundaries for today are 0.115 from the downside and 0.12 from the upside. Break above the yesterday high (0.1227) could lead the price upwards tot he next resistance at 0.13 level.
Boundaries for today are 0.115 from the downside and 0.12 from the upside. Break above the yesterday high (0.1227) could lead the price upwards tot he next resistance at 0.13 level.
