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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