Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forks => Bitcoin Forum => Bitcoin Cash Forum => Topic started by: MRM on August 07, 2020, 03:14:17 PM
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Today, BCH is approaching the high of $330 after its rebound above $290 support. In the August 2nd uptrend, the coin reached a high of $340 but was repelled.
The breakdown was enormous as the price fell to $245 low. The current move is to retest the $340 resistance. The price is already close to the resistance zone.
Expectantly, the market will rally to $400 high if the resistance at $340 is breached. In other words, the price will have accelerated movement on the upside. Conversely, if buyers fail to overcome the current resistance, sellers may attempt to break below $280 support. Suddenly, the market will fall to $240 or $260 low if the current support cracks.
Source: https://coinidol.com/bitcoin-cash-failure/