#1136
margincall
margincall
Keymaster

Bitcoin Cash recovered swiftly after a savage correction vs the dollar.

We can see a nice cup and handle formation on the 1hr candles and a nice little bull run is developing above the 200 sma.

BCH forcast
I expect some fomo to kick in if prices were to go over $3000 again.

Short term support is at $2800 and resistance currently at $3000. If we go over $3000 and get some more momentum going there is a good chance that the market will test the previous ATH.

Bitcoin Cash has been a very nice market to trade so far and we are long again with the hopes of some more gains against the dollar.