Bitcoin Cash ready to go?!?!
Bitcoin Cash has performed very well the last few days considering the relatively low amount of volume behind it.. I'm sure many of you know already that when the market gets going Bitcoin Cash is the first to lead the way and often has very strong pumps... Looking at the chart now we have pushed through the cloud and this will now act somewhat as support if needed, however, the main block now is the 200 MA on the daily timeframe, we touched it perfectly yesterday and fell down I am sure we will retest it again though. This MA has acted very strongly as support and resistance in the past few months and when we have crossed it there have been strong moves.
Having a quick look at the chart when we pushed down last time we dropped from around $345 and wicked to a low around $250, the next realistic target if we broke it on the upside would be firstly around the $300 mark and then we could push all the way to $350 and next $383.
TP 1 $300
TP 2 $350
TP 3 $383
Another important thing to note is that we could be playing into a cup and handle pattern which is again generally bullish.
Having a quick look at the chart when we pushed down last time we dropped from around $345 and wicked to a low around $250, the next realistic target if we broke it on the upside would be firstly around the $300 mark and then we could push all the way to $350 and next $383.
TP 1 $300
TP 2 $350
TP 3 $383
Another important thing to note is that we could be playing into a cup and handle pattern which is again generally bullish.
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