Bitcoin Cash has been performing exceptionally well for the past 48 hours. It has gained 135%, moving from the $520 all the way up to $1200.
But now it is meeting the first resistance that could potentially result in a correction towards the previous resistance, which now is the support - $900. Although the trend remains very bullish and breaks above the $1230 resistance should not be a surprise.
In case BCH/USD will go further up, the next obstacle will be the $1660, but perhaps it will not stop even there.
Anyway, those two are the current resistance levels, $1230 and $1660, both of which should be watched for either a breakout or a rejection.
@Anoinvest, looks like its better to wait and see and buy if the top resistance is broken
Anoinvest
⋅
@hitech, mhmm can you please help me figure out why the candle hits 1630 USD ? Im watching the chart very closely and maximum was 1340 4 hours back which is surpassed by now an ATH 1380 USD ??
CryptoPAMM
⋅
@Anoinvest, hey, if you press play chart you will see the top was at $1630, maybe diff brokers have diff price
CryptoPAMM
⋅
@hitech, hmm, now the chart changed and the highest high was $3130