Bitcoin Cash (BCHABC) Gaining Momentum? | How Far Up Can It Go?

I was asked to look at Bitcoin Cash (BCHABCBTC) by one of our readers... On a close up of the daily chart, I didn't see much strength at first, in fact, I saw weakness and was about to close the chart.

Chart:

Then I noticed the higher lows and zoomed out to get a better picture... Bitcoin Cash actually looks good.

• We can see the MACD now entering the bullish zone and showing a year-long bullish divergence.
  
• Trading above EMA10 with a bullish (50+) RSI.
  
• We can also see a broken down trendline.
  

Additional volume is missing or BCHABC can move back down... But with Bitcoin now consolidating and the altcoins turn coming, it is likely that there will be a follow-up... We believe BCHABCBTC can move higher.

Conditions for change: If BHCABCBTC moves below and closes 0.0259 BTC, the above signals become invalid and a new and updated analysis is needed.

Thanks a lot for reading.
Remember to hit like again and gain.

This is Alan Masters...

Namaste.

Kommentera:

Bitcoin Cash is also growing...