Bitcoin Cash Weakens
Bitcoin Cash has lost some momentum, but is still clinging to prices in the lower $1,200 handle. We'll have support from $1,200, as well as Fibonacci levels at $1,144, $965, then the lower bound of the KRI at $1,075. If momentum reignites, levels of resistance from above include the central moving average of the KRI currently at about $1,295, then from $1,400, $1,438, $1,500, and $1,522. The upper bound of the KRI will be the next point of resistance at $1,532, then after that, $1,764, the lower anchor of our nested Fibonacci levels, seems to be a reasonable target.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.