Bitcoin Cash Trades Marginally below $800 Resistance' Faces Fr | 👑Fx Royal👑

Bitcoin Cash Trades Marginally below $800 Resistance" Faces Frequent Rejection What is the next move for Bitcoin Cash?

On May 23, BCH slumped to a $4671 low and recovered from the downtrend. The altcoin has also corrected upward but the uptrend is facing rejection. The price indicator has indicated a possible upward movement of prices. Meanwhile, on May 25 uptrend; a retraced candle body tested the 61.8 % Fibonacci retracement level. The retracement indicates that BCH will rise to level 1.618 Fibonacci extension or level $979.30. From the price action, BCH is trading below the resistance at $800.