Another week and another free sharing from the TTR most recent #cryptocoin pick update:
Bitcoin Cash is another quite undervalued token. The breakout level sits at 329.50 followed by a main breakout zone resistance at $400-410
I don’t own much of this coin, only 20, but I see great potential here if 1450 is broken to the upside. A test of the 1400-1450 zone will be a big one as it will set a W multi-year pattern and potentially can breakout hard with an upside target of 3225 and ideally above 4.5k
I like the potential here, but I won’t be long if 1450 is not broken to the upside by sometime this year, especially if BTC will be above 90k
There is a clear 4-5x potential here, and I’m fine with holding this token till the 1400 zone exit at minimum.
@eightball8, i m out, and tbh market is much nicer offerings then this slow mover and moody coin, it was worst hit being a fork of btc at 100$ seriously 4k coin dropping and never recovering is hard pill to swallow for me. i waited alot but ops went by this thing just like frozen and move 10-50$ lmao... better offerings and coins that are trending better trades. the ideal scenario would have been a good support and targets which this thing lacks and have fragile outlook. the fork must move with BTC not against man.:)
eightball8
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@sumairk, call me crazy, but that's where i like to buy these heavily depreciated assets! best of luck to you in your future endeavours
sumairk
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@eightball8, how confident you are with BCH , cant even tell the support and resistance of this actually.. maybe in 10 years we see 4k again? thats the dilemma of this fork actually, maybe it was overvalued before now at real price under 1k...