quantguy

Bitcoin Cash Suffers from the Bear Run in Cryptos

BITFINEX:BCHUSD   None
Bitcoin Cash has been hit particularly hard as well. It has tumbled through the nested Fibonacci anchor at $1,764, which coincides with the lower bound of the KRI at this point. BCH is currently finding some support at the psychological $1,500 level. If it can break down to $1,300 or so, then we must correct our Elliott Wave to account for this, but we have support at $1,400 from a Fibonacci level before then.

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