There is heavy and it doesn't look that it is over yet. Following the corrective wave down, price rejected the uptrend and went above the 161.8% resistance at $1464, which is currently acting as a .
Perhaps now BitcoinCash is presenting a buying opportunity where investors can benefit from huge . The nearest upside target is seen at $2200, that is where two Fibonacci levels meet with each other. First, is 261.8% Fibs applied to the very first corrective wave down that has started in August. The second Fibs applied to the most recent corrective wave down where the uptrend has been rejected.
Although trend remains very BCH/USD could once again test the uptrend and only break and close below $1000 psychological support could invalidate outlook. At the same time if price breaks above $2200, more growth might be expected.
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