Bitcon Cash Regains $1K Handle

Bitcoin Cash has recovered to $1K or so, although the $1,087 level caved. The psychological $1K boundary seems to be holding for now. We also have strong support from the lower bound of the KRI . While other coins are down trending, BCH appears to be holding its range, and we may even have a bull wedge forming. If weakness persists, we must consider levels in the $900 handle at $970, $965, and $950 for starters. From above, we must consider $1,087 then $1,144 before a vacuum zone to $1,200. Kovach Momentum Indicators are bearish on day charts but do appear to be bottoming out. On 30-minute charts, they appeared to be picking up but have turned over once more. Elliott Wave analysis still suggests we are in a persistent bear cycle for this unfortunate coin.

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