Bitcoin Cash ABC
Bitcoin Cash ABC fell by 1.08% on Saturday. Following on from a 0.12% loss on Friday, Bitcoin Cash ABC ended the day at $211.68
A bullish start to the day saw Bitcoin Cash ABC rise to an early morning intraday high $216.0 before hitting reverse.
Bitcoin Cash ABC broke through the first major resistance level at $213.33 and second major resistance level at $215.87.
The reversal saw Bitcoin Cash ABC slide to a late intraday low $210.36 before finding support.
Steering clear of the first major support level at $208.91, Bitcoin Cash ABC recovered to $211 levels to limit the downside on the day.
At the time of writing, Bitcoin Cash ABC was down by 0.95% to $209.67. A bearish start to the day saw Bitcoin Cash ABC fall from an early morning high $210.61 to a low $208.69.
Steering clear of the major resistance levels, Bitcoin Cash ABC fell through the first major support level at $209.36.
For the day ahead, a move through to $212.70 levels would support a run at the first major resistance level at $215.0.
Support from the broader market would be needed, however, for Bitcoin Cash ABC to break out from $210 levels.
Barring a broad-based crypto rally, the first major resistance level would likely cap any upside.
Failure to move through to $212.70 levels could see Bitcoin Cash ABC spend a 3rdconsecutive day in the red.
A fall back through the first major support level would bring the second major support level at $207.04 into play.
Barring an extended sell-off through the day, however, Bitcoin Cash ABC should steer clear of sub-$207 levels.
This article was written by FX Empire's Bob Mason, for the full article: