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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