BCHABC’s rally did not last long as it fell down by 0.50 percent, ending the day at $131.
It has been a choppy day for Bitcoin Cash ABC as it tries to recover from going down. It had it several supports before it managed to recover within the $135level. As of press time, the BCHABC is at $132.65
Support level : 131.55, 129.29 and 120.44
dollar traded around $ 157 resistance in this range we saw at $ 170 support around $ 140. The increase in the volume of trading is interesting but the enthusiasm has decreased slightly and we have already seen $ 230.
since the floor around $75, BCH soared to $230. This was an impressive 200% from the bottom’s floor. Currently traded around $170, resistance in this range is at $185; support lies around $150 and holds in the meantime.
If the next candle (Day) turns out Green ABC will fly high upto 300-400 dollars
Wait for the signal !
Enjoy profitable trades :)
Remember , for validity there has to be a Green Candle (Day chart)
or else new pattern will follow.
"Invest at your Risk"
Just a follow-up to my "BCH fork action appended to pre-fork data," now that coinbase has finally started trading it again. No surprise to me that there was a big volume spike in BTC(and possibly/hopefully a long-term bottom) about a half hour before they finally tweeted their intentions to resume trading it soon(and give the BCH ticker to BCHABC). I believe the...
The price action for this chart is defined by the average of BCHABC across 4 exchanges(Poloniex, Bitfinex, Binance, and Bitstamp) added to the average of BCHSV across 3 exchanges(Bitfinex, Binance, and Poloniex). I copied the pre-fork price action from BCHUSD @ bithumb(where BCHABC is currently trading at about a $150 premium), appended it to this chart and...
For those following the Bitcoin Cash Fork these charts show the price action following the fork.
Left chart: "Bitcoin Cash ABC'"vs "Bitcoin SV" since the start of the fork
Right chart: "Bitcoin Cash ABC" vs "Bitcoin SV" & BCH/USD price on the Poloniex exchange
Great live fork conversations on YouTube BITCOIN HASH WAR PT.1