Although in the past I have had one good prediction about BCH and hitting target, my last prediction was completely taken out of whack. The FUD created in the crypto market was definitely something that took more than one unprepared.
Let's now look at BCH and what leads me to think it is close for a reversal.
As we hit FIB retracement we can see that there was some support created back in Dec 2017 and since all support and resistances are a psychological line, most times it holds true before big rallies like we saw in BCH.
Failing to sustain that support, we could head to $1000 - $900 range. Then we expect a reversal and some positive prices.
We have some resistances we have to break but they were mostly created on the way down and I don't see much difficulty succeeding on those resistances.
Sell price at
$2800 and I hope to sell mine
Wait for entry as right now it is not a good time. $900-$1000 best entry.
Other entries $1000-$1300
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