Crypto Screener Forums Bitcoin Cash (BCH/BCC) Forecast – Technical Analysis Bitcoin Cash (BCH/BCC) Forecasts – April 2018

This topic contains 1 reply, has 2 voices, and was last updated by margincall margincall 1 year ago.

  • Creator
    Topic
  • #17182
    CheesePuff
    CheesePuff
    Moderator

    This is the thread for analysis on the Bitcoin Cash markets in the month of April 2018.

Viewing 1 replies (of 1 total)
  • Author
    Replies
  • #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.

Viewing 1 replies (of 1 total)

You must be logged in to reply to this topic.