While Bitcoin is still struggling near 9000, this Bitcoin Cash's power hasn't diminished yet.
Bitcoin cash is currently challenging a minor resistance zone between 1435 and 1663 according to Ichimoku analysis.
Because
1) Today's bullish candlestick stands on the red cloud,
2) Tenkan-sen crosses above Kijun-sen
3) Chinkou-span crosses above price
4) Green cloud is rising.
On the other hand, you can see OBV indicator shows a strong upward movement since the 8 & 20 EMA crossover.
There is still some room to go towards the OBV resistance level. Therefore it can possibly reach a further more near 1600.
Bitcoin cash is currently challenging a minor resistance zone between 1435 and 1663 according to Ichimoku analysis.
Because
1) Today's bullish candlestick stands on the red cloud,
2) Tenkan-sen crosses above Kijun-sen
3) Chinkou-span crosses above price
4) Green cloud is rising.
On the other hand, you can see OBV indicator shows a strong upward movement since the 8 & 20 EMA crossover.
There is still some room to go towards the OBV resistance level. Therefore it can possibly reach a further more near 1600.
Comment:
Let's see if BCH can stand longer on the Kjun-sen level in March
