Bitcoin Cash (BCHUSD) has been trading below a Lower Highs trend-line since the May 12 2021 High. So far we've had 3 major rejections on that trend-line. However the time may have come that we will finally see a bullish break-out above the Lower Highs, as BCH has been trading within a Channel Up (dashed lines) since the January 24 market bottom. If the price tests the Lower Highs again, it will be the soonest double test in that span.
The obvious immediate Resistance levels if a break-out takes place, will be the 1D MA200 (orange trend-line) and mostly the 1W MA50 (red trend-line). Above the Resistance Band of 735.00 - 809.00, Bitcoin Cash enters a new long-term parabolic rally.
Note that what gives more chances to the upside right now is the fact that the 1W RSI is above its MA. If the MA holds as a Support, it will further boost the bullish potential.
BCH and BSV (and all other forks) are completely irrelevant now. No use case whatsoever. People involved played a very risky game and they lost.
alfiestar
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@ultranemesys do you really know anything about this project and it’s progress on the ground or you just talking ? Seems you like gambling shit coins with no real use case like meme coins because of the hype around them, read before you judge
ultranemesys
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@alfiestar, I exclusively invested in BTC and ETH (80%/20%) back in early 2017... so TYVM and ROTFLMFAO ;)
rightz06
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@ultranemesys, yet a lot of OGs are in BCH in favor of big blocks coz they want to use Bitcoin as a Digital Cash.
deni69
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@ultranemesys So what are you looking here? Why do you comment ? Go to btc and eth page ideas and drop some of your price prediction on right content,ok?
ultranemesys
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@deni69, Because I want, because I can and because I have a lot of TIME to spare. HFSP ;)