$BCH is forming what seems te be a falling wedge. Its struggling to stay above toe 0.5 fib extension. Will it form a cup and (double) handle to make a moonshot after? It might test last high at 0.225, dont think it will go higher than that but its crypto, anything can happen really!
Whereas 0.5 fib was acting as resistance, it now acts as support. Combine that with tweets from John McAfee, a noted BCH supporter, saying he is mining BTC because it is more profitable (right now) vs mining BCH, you can assume he (and other BCH supporters) are buying BCH with their freshly mined BTC. Long term target is 0.53 BCHBTC, the 2.618 fib extension from...
After this huge rally we need some relaxing at current level,,,
We'll see soon where BCH is heading, some say up some say down.
According to supply and demand theory, the price is at a buying area, with target 0.085 Confirming signal, On CCI indicator, it touches the bottom line of the starting up trend
After its mega pump and dump, Bitcoin cash is aiming for a second round. After doubling in a day, it aims to take another 50% increase (or 3x in a few days). It is a clear cup and handle, with a target at 0.18BTC. However there is strong resistance between 0.14-0.16, where you can sell and buy back in lower before the final target. So if 0.12 is broken with high...
Just like when ETH forked, ETC got dumped super hard then climbed back up. I expect similar things from BitcoinCash.