the next 35 day will define the direction of BCH.
If the market goes below 196 we'll land at 118 USD.
At worst case, we'll touch bottom of the black triangle at 40 USD!
If we follow the blue arc, and reach 340USD and stay above it, we could reach 3800 USD levels at the beginning of feb 20.
So should we buy or sell now?
Well if we move above 340 USD a brutal move to ATH is possible.
Of course everything is depending of BTC.. BCH usually follows BTC as like all coins..
If the market goes below 196 we'll land at 118 USD.
At worst case, we'll touch bottom of the black triangle at 40 USD!
If we follow the blue arc, and reach 340USD and stay above it, we could reach 3800 USD levels at the beginning of feb 20.
So should we buy or sell now?
Well if we move above 340 USD a brutal move to ATH is possible.
Of course everything is depending of BTC.. BCH usually follows BTC as like all coins..