Bitcoin Cash is one of the few big cryptos going up right now. The other one is Ethereum. But I wanted to show you the chart for Bitcoin Cash in relation to Bitcoin. Here is the daily:
Comment: You can now see that we have crossed that important trendline to the upside. However, this is not a daily close so keep that in mind, but as long as we stay above that trendline, Bitcoin Cash could continue to charge much higher. At this time Bitcoin Cash is up more than 8% against Bitcoin.
In addition to the breakout, the volume has also picked up, it is already twice as much as yesterdays volume. That is the crucial part here, the volume needs to ramp up in order to carry on here.
Anyways, this looks like a great entry point if you are looking for a trade of accumulate more Bitcoin Cash.
Happy investing/trading!