BCH/USD Attempting A Break Higher, Eyeing $1700 Feb 17 2018
Bitcoin cash is attempting a break higher and is eyeing the
Daily R1 at 1600. Above that level we have the 1700 S/R level.
And just above that the 1750, previous high and the Weekly R2.
A drop back from current levels should find support by the
1480 (Weekly R1) or below that the Cloud. Only a close below
the Cloud will shift intraday focus to the downside and we
might see a test of the 1400 S/R.
Overall, price has carved out a bottom and is drifting higher
after periods of sideways consolidations. There isn't much of
resistance until the 1700 so we could see a sharp move to that
level if the current breakout holds.
Daily R1 at 1600. Above that level we have the 1700 S/R level.
And just above that the 1750, previous high and the Weekly R2.
A drop back from current levels should find support by the
1480 (Weekly R1) or below that the Cloud. Only a close below
the Cloud will shift intraday focus to the downside and we
might see a test of the 1400 S/R.
Overall, price has carved out a bottom and is drifting higher
after periods of sideways consolidations. There isn't much of
resistance until the 1700 so we could see a sharp move to that
level if the current breakout holds.
