Bitcoin Cash Bounce Off Support

18 Apr 2020

Bitcoin Cash retrace is coming to an end?

We can see here a higher low (light blue) and prices starting to move above EMA10.
BCHBTC can move to the upper side of the purple channel.

The indicators are looking good but the trading volume is still low.
Normally a bearish signal but since today is a Saturday we can either expect to see the trading volume grow by Monday or else experience a drop.

We remain bullish on BCHBTC as long as prices are trading above 0.028840.

This is not financial advice.

Thanks a lot for reading.

Namaste.