Bitcoin Cash Ranges

Bitcoin Cash remains ranging in the $2400 handle. Along with IOTA, it seems resistant to correlate with the momentum (either bull or bear) in other cryptos. BCH remains just below the central moving average of the KRI, which should continue to provide resistance. The band width of the KRI indicator is contracting which could indicate a breakout is near. It does appear to be forming a massive dragon head pattern, though the duration of this ranging period is a bit frustrating. The Kovach Momentum Indicators are somewhat bullish but have levelled off to reflect the sluggish BCH.

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