Bitcoin Cash Update: Bitcoin Cash Closed The Day 19% Up

It was really a great day for Bitcoin Cash. I have not seen any news from them but technically, it was expected if you followed the daily chart. Here is the daily chart:

Comment: We ended the day 19% up and what was really great today was the volume. It was the highest since the middle of August and we did also close above the important moving averages as you can see from the chart.

Therefore, I am bullish for tomorrow, the stochastic is also rather low at 55, that means that there is a lot of potential to the upside.

My next target is 400 USD which we did touch yesterday, but I do want a close above that price. That would be very significant and that could indicate that this is not just a pump and dump that we have seen quite a few times in the last couple of months.

Happy trading!