• Bitcoin cash reversed from the support zone
• Likely to rise to resistance level 625.00
Bitcoin cash cryptocurrency continues to fall after the earlier upward reversal from the support zone lying between the key support level 550.00 (which has been reversing the price from the start of October), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse wave (1) from the end o September. The upward reversal form this the support zone started the active impulse wave (3).
Given the clear daily uptrend and the oversold reading on the daily Stochastic, Bitcoin cash cryptocurrency can be expected to rise further toward the next resistance level 625.00 (former strong resistance from October).