BCH/USD pair analysis

And we have new runner!!

That rally is impressive! BCH/USD is taking off hard. Is over all moving averages (MA 91 - green, MA 26 - red, MA 9 - blue). RSI is showing clear uptrend for past two days.

It had gained almost half way up to the first Fibonacci extension level 1.618. The last candle is showing a pull back. It'l be some cash outs and consolidation after that, but never mind, from $315 to 374 is 18.7% impressive gain. That can be clearly a good start for some bigger move upwards.

BCH have also some technological potential over his father Bitcoin. Bigger blocks faster transactions possible. Need only solid miner base to safeguard the blockchain and his potential will eventually show up. Could be, that some big money start to pure into Bitcoin cash.

All that we can say "Bon voyage" fellow!!

As always vote, follow let steem on to the bright future!