CoinsightGhost

Bitcoin Cash getting ready for a breakout?

לונג
COINBASE:BCHBTC   Bitcoin Cash / Bitcoin
Bitcoin cash continues to hold very stable compared to most of the market and is still fighting with this key level and .052 resistance, but each time if has been rejected it is making higher lows, leading me to believe this could break upwards as this level breaches, as the more times it is tested the weaker resistance becomes. I would look for next resistance level around .064 sat. Would be very bullish if BCH can break through .052, then fall back and retest it as support before moving higher to the .064 level, so I think bch is one to watch very closely right now. Support wise a break below the .048 level would be significant and a signal of a potential move lower, so watch these areas closely.
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