#1 Crypto BCH/USD Bitcoin Cash Showing Muscles Feb 8 2018
Bitcoin Cash has reached the horizontal support and
resistance level at 1300 which is also the upper end of
the Cloud. Bulls are looking for a Cloud twist and a break
above it, which would expose the 1500 level. The next
important resistance above the high at 1740 is the
important Monthly pivot point and below that the SMA200.
Monthly pp @ 1940. If price drops back from the Cloud
resistance we have initial support at 1200 and the the
lower end of the Cloud.
Overall, BCH has recovered well and if we see a breaching
of the 1330 level, chances are good for an upward continuation.
resistance level at 1300 which is also the upper end of
the Cloud. Bulls are looking for a Cloud twist and a break
above it, which would expose the 1500 level. The next
important resistance above the high at 1740 is the
important Monthly pivot point and below that the SMA200.
Monthly pp @ 1940. If price drops back from the Cloud
resistance we have initial support at 1200 and the the
lower end of the Cloud.
Overall, BCH has recovered well and if we see a breaching
of the 1330 level, chances are good for an upward continuation.
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