Long
Bitcoin Cash Struggles with $1300
Bitcoin Cash is also clinging to an extremely narrow range between $1,256 and $1,300. If current prices do not hold, 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, we must break through the central moving average of the KRI currently at about $$1,300, the upper bound of the current range which is also a psychological level. This will be a tremendous hurdle for BCH. Further levels from above include $1,400, $1,438, $1,500, and $1,522.
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Disclaimer
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.