Hi guys, in this post I run technical analysis on Bitcoin BSV vs BCH. There's potential for a cup or cup & handle formation on the 1 hour candles, but it's very important to remember that patterns mean nothing until they break. The reason I am sharing this prematurely is only so that you guys have time to monitor the price yourselves in case the pattern actually completes & breaks out. The confirmation will be ONLY when/if the price breaks above 0.6 BCH with volume. If that happens then the target is 0.8 BCH in which case I would personally be selling most of my BSV coins for BCH.
As of right now this analysis means nothing, I am personally only observing & waiting for confirmations. Good luck!
BCHSV VS BCH (COINEX) 1 HOUR CANDLES:
(Click to enlarge)
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