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RE: Bitcoin Cash (BCH) is Not Doomed...it's Correcting!

in #bch6 years ago

Price has been in a daily demand zone for more than 1 wk. Price reacted to buyers at $900 (yellow circle), but it wasn't enough to move the price higher longer term. Price has penetrated the daily demand zone even more. There are more buy orders sitting at $800 level (aqua circle). Price should react to this level as well, but what we need to start seeing is a consistent string of candles making higher lows. I'm personally looking for a candle to close above $1100 as conviction that price wants once to move higher.