$2,425 is strong resistance and not a "buy" at this point in time. I would like to see Bitcoin Cash trade above $2,425 for at least a day on strong volume . Once it does this, I would be a buyer. Otherwise, it is dead money.
Also daily volume has been very low which indicates lack of trades/traders.
Has finally broken $2,425 level but not high enough volume for me to be convinced that it will hold. Let's see how the next few days turn out.
As I stated on 1/6, there was not enough volume to convince me that Bitcoin Cash will stay above $2,425. Disappointing to see it go back down but not surprised. Still lack of big buyers.
Continues to be weak. No volume, no buyers. Just stuck in this trading range.
@Mikelikescrypto, Yes, the chart is more for traders who buy and sell for the short term. I am looking to buy BCH too as I already own BTC, ETH and LTC. Holding for the long term (at least a year). Good luck!