Bitcoin Cash remains range-bound as well. It was affected very little with yesterday’s crash, though that did bring it down to the $2300 handle. Along with IOTA, it seems hesitant to correlate with other cryptos, but also more resilient in dealing with crashes. 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 hints increasingly that 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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