Bitcoin Cash (BCHABC) Gaining Momentum? | How Far Up Can It Go?
Updated
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.
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.
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.
Note
Bitcoin Cash is also growing...
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