BITCOIN CASH PERSONAL ANALYSIS IN THE LONG TERM
Aggiornato
Chart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for Bitcoin Cash is neutral-bearish. The coin itself is considered stable when in terms to interest since it is affiliated to the major cryptocurrency BTC, however it doesn't mean it holds the same sentiment or value to that of its precursor. The coin itself shows multiple oversold regions with no established higher lows which entails very low buyer interest near the 700-1000$ region, hence it would be wise if a buyer would only consider investing in this coin in a clear BTC bulltrend with a reasonable buy order at the lower fibonacci levels to have a safe confidence in holding it for the long term.
In case of a bear trend, this coin is highly deemed to be inadequate for swing trading and the liquidity for shorts is also low because of the strong support.
In case of a bear trend, this coin is highly deemed to be inadequate for swing trading and the liquidity for shorts is also low because of the strong support.
Nota
Due to the positive news of FED today, the move to the upside is more likely now than approaching the 400$ range however the resistance near the 760$ is still a major resistance until proven otherwise. Happy Longs Everyone!
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