Forum Forums Bitcoin Cash (BCH/BCC) Forecast – Technical Analysis Bitcoin Cash (BCH/BCC) Forecasts – April 2018 Reply To: Bitcoin Cash (BCH/BCC) Forecasts – April 2018

#17604
margincall
margincall
Keymaster

Bitcoin Cash surprised many this month by recording massive gains compared to the other crypto’s, including BTC. Lets have a look at what the charts have to say.

bchusd forecast 26 april 2018
There are contradicting signals here so my best advice would be to be patient. We can see some support around $1300, it could be a new floor being built by the bulls before yet another leg up.

On the flip side of the coin, we have a possible bear flag candlestick formation, and that could mean further correction is needed after that little bull run.

Resistance seems quite solid around $1400, so in this case I will wait while the bulls and bears battle it out.

Should $1300 fail as support on the near term, I will look to lower prices to play a possible bounce. Safe trades.