Bitcoin Cash, the infamous result of a long feared yet successful BTC hard fork , is finally showing promising patterns after nearly a week of selling off.
BCC 0.84% 0.99% formed and broke out of a high tight flag.
It has begun another flag with a strikingly similar 'W' pattern.
The short and long term MACD lines have crossed.
161.8% line is 0.157
The only thing that concerns me is the bearish divergence in the RSI . This does not guarantee a price reversal. BCC 0.84% 0.99% may continue to climb steadily until the RSI reverses, triggering a parabolic run.
The future looks optimistic for BCC 0.84% 0.99% and 0.095-0.1 may be the lowest price we see for days.