• Bitcoin cash reversed from support zone
• Likely to rise to resistance level 400.00
Bitcoin cash cryptocurrency recently reversed up from the support zone set between the strong support level 1.0450 (previous monthly lo from the start of December) and the lower daily Bollinger Band. The upward reversal from the support level 1.0450 stopped the earlier short-term impulse wave (iii).
Given the oversold daily Stochastic and the intraday easing of the earlier bearish sentiment that was clearly evident across the cryptocurrency markets over the last few trading days- Bitcoin cash cryptocurrency can be expected to rise further toward the next resistance 400.00.