Bitcoin Cash Picking Up

Bitcoin Cash retraced over the weekend along with the rest, but has rebounded from $1,450 to finally nail $1,500. Although the Elliott Wave seems to indicate a bear cycle, we must acknowledge this bull push in momentum as at least a corrective phase, but hopefully the beginning of a bull impulse wave. If momentum continues, we should be able to cross the vacuum zone to $1,600, a psychological level and the lower bound of a previous range. After that, $1,764 seems to be a reasonable target, and it corresponds with the lower anchor of our nested Fibonacci levels.

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