bitcoin sv What An Extraordinary Day For Bitcoin Cash (New All Time High)

Bitcoin Cash went up 28% today and set a new ATH at 2841 (on Kraken). It was the star of the day among the big cryptos and it closed near the high as well so this could continue. But lets have a look at the daily chart:

Comment: In dollar terms we are in unchartered territory but we can analyze the price against Bitcoin more easily and see potential resistance levels.

Here it is against Bitcoin (from Bitfinex)

Comment: I have set up 3 targets here. They all correspond to past peaks:

Target 1: 0,21 BTC
Target 2: 0,26 BTC
Target 3: 0,54 BTC

It could easily go up to 0,21 or 0,26 BTC but it will be a tougher quest to go all the way up to 0,54 BTC. That would be the equivalent of almost $9000 at the current Bitcoin price.

But, lets take one step at a time.

Happy trading!

bitcoin sv What An Extraordinary Day For Bitcoin Cash (New All Time High)
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Science & Technology	Upload TimePublished on 19 Dec 2017

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