Bitcoin Cash Sub $1000
Bitcoin Cash has finally relented the 
1K handle, and we must now consider levels in the $900 handle. Solid red bars on the day candle are foreboding. We are pressing the lower bound of the KRI and do not seem to be even considering the slightest retracement. We have broken support from $950 at the time of this writing and if we cannot regain this level, there is a vacuum zone to the psychological $900 level, then $834, and $800. From above, we must contend with $965 and $970, before regaining footing in the 1K handle. Kovach Momentum Indicators are bearish at all levels which is not encouraging. Elliott Wave analysis suggests we are in a persistent bear cycle for this unfortunate coin.
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1K handle, and we must now consider levels in the $900 handle. Solid red bars on the day candle are foreboding. We are pressing the lower bound of the KRI and do not seem to be even considering the slightest retracement. We have broken support from $950 at the time of this writing and if we cannot regain this level, there is a vacuum zone to the psychological $900 level, then $834, and $800. From above, we must contend with $965 and $970, before regaining footing in the 1K handle. Kovach Momentum Indicators are bearish at all levels which is not encouraging. Elliott Wave analysis suggests we are in a persistent bear cycle for this unfortunate coin.Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!
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