Bitcoin Cash is one of the coins in the last days/weeks which had a strong movement. Why? Because of the hard fork at the 15th of May. People are expecting a huge jump in the next 2/3 days. But I see the possibility of people selling or holding. Together with the uncertainity of how Bitcoin will behave the next two days (see my last Bitcoin chart to see what I think about what will happen), I have huge doubts about huge possible profits, here.
But there is big potential. I assumed it would have gone gone higher than the 1850 USD. But this didn't work. There was even an assumption of 0.25 BTC. But it slowed down hugely, so it didn't achieve 0.2 BTC. Considering last BTC hard forks, I think that a big movement here is unlikely. There is a strong resistance line here which I don't think it will break, easily. Risks are high that there will be a fake breakout causing in lot's of FOMO losses.
The movements I see right now are between a strong fibonacci level and the mentioned resistance line. All in all, a possible win of mere 10% in USD if this happens.
The maximal profit potentials are up to 2k level. ~1850 USD would make more sense, though. This would be huge!
Depending on how the chart really goes, I might change my assumptions and keep you updated. There is still plenty of time to make a breakout of the resistance line. Until then keep in mind that there will be a hard fork and there still is potential. So, don't forget about this coin till then.
Have luck!
But there is big potential. I assumed it would have gone gone higher than the 1850 USD. But this didn't work. There was even an assumption of 0.25 BTC. But it slowed down hugely, so it didn't achieve 0.2 BTC. Considering last BTC hard forks, I think that a big movement here is unlikely. There is a strong resistance line here which I don't think it will break, easily. Risks are high that there will be a fake breakout causing in lot's of FOMO losses.
The movements I see right now are between a strong fibonacci level and the mentioned resistance line. All in all, a possible win of mere 10% in USD if this happens.
The maximal profit potentials are up to 2k level. ~1850 USD would make more sense, though. This would be huge!
Depending on how the chart really goes, I might change my assumptions and keep you updated. There is still plenty of time to make a breakout of the resistance line. Until then keep in mind that there will be a hard fork and there still is potential. So, don't forget about this coin till then.
Have luck!
Only a strong Bitcoin movement might change the situation.