As usual I don't think there any point in making analysis on altcoins because they will just do whatever bitcoin does. You can try to get information on what alt will get a stronger move, compared to what bitcoin will do, but it will be hard to see a break in bcash if we don't get a break in bitcoin as well.
As for your analysis it seems correct though, and if BTC breaks, I think we will see some nice gains in bcash. The same thing will probably happen with ethereum as well though, and I think I would rather trade ether than bitcoin cash though.
Topic: Bitcoin Cash Price Analysis: BCH/USD May Overtake $900 (Read 119 times)
crypto is taking over
Bitcoin cash price bounced back sharply from the $825 support area against the US Dollar.
Yesterday’s highlighted key bearish trend line with resistance at $840 was breached on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is currently trading just below the $900-910 resistance, and it may soon break it.
Bitcoin cash price is showing positive signs above $850 against the US Dollar. BCH/USD is likely to continue higher above the $900-910 resistance.
reference: https://altcointoday.com/bitcoin-cash-price-analysis-bch-usd-may-overtake-900/
Bitcoin cash price bounced back sharply from the $825 support area against the US Dollar.
Yesterday’s highlighted key bearish trend line with resistance at $840 was breached on the hourly chart of the BCH/USD pair (data feed from Kraken).
The pair is currently trading just below the $900-910 resistance, and it may soon break it.
Bitcoin cash price is showing positive signs above $850 against the US Dollar. BCH/USD is likely to continue higher above the $900-910 resistance.
reference: https://altcointoday.com/bitcoin-cash-price-analysis-bch-usd-may-overtake-900/
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