basilisk467

BCH breakout being held back, but for how long?

Largo
KRAKEN:BCHUSD   Bitcoin Cash
Looks like we're seeing a slow upmove trying to occur, but it keeps getting knocked down. Next big resistance is at the $1400 mark but if we break through it, it will become support for a move up to $1600. This is dependent, however, on the stability and/or appreciation of BTC as the BCH:BTC ratio is highly important in confirming and causing a move upwards for BCH.
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