bitcoin sv Bitcoin Cash Closed The Day 20% + Volume Picked Up As Well

As I mentioned earlier today, Bitcoin Cash broke out to the upside and I wanted to do a follow up on the the closing price. Here is the daily chart:

See my work over at Steemit: https://steemit.com/@freeforever

Comment: We formed a very strong looking green candlestick and we closed almost at the very top. Also, as I mentioned in the headline, the volume picked up and it was the highest volume in about 14 days.

Now, when we look at the latest run-ups for BCH, we can see that they usually last for 3 days, so if that pattern will repeat, we will get another 2 great days ahead.

However, there is some resistance in this area around 2900-3000 so there is a risk of taking a breather today before another big move to the upside.

My next targets are the following:

Target 1: 3650 (Highest Close)
Target 2: 4000 (ATH)

Comment: There isnt any resistance after 3000 basically, so the journey up to the old peak could go very quickly.

Happy trading/investing!

bitcoin sv Bitcoin Cash Closed The Day 20% + Volume Picked Up As Well
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Science & Technology	Upload TimePublished on 10 Jan 2018

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