Bitcoin Cash (BCHBTC) has been going sideways since it hit a low point on July 15. Now, it is moving above resistance and has the potential to go higher...
Let's take a look at the chart signals together...
BCHBTC is now trading above 0.03037 or EMA50, which is the magenta line. A close above this level on the daily time frame can send BCHBTC straight to 0.03348 or EMA100, which is the blue line (this is the target that I am aiming for short-term).
Volume is really low yet BCHBTC is already trading above the main resistances EMA10 and EMA50, there is a lot of room available for growth.
Strong RSI at 61.21 | Bullish MACD.
Bitcoin Cash can easily move higher, if it moves lower, the blue dashed lines are the main support levels.
Feel free to leave a comment if you have any questions.