Bitcoin Cash is experiencing a bit of a breakout, what's going on everyone?

Bitcoin Cash breaks to the upside

Bitcoin Cash has had a break to the upside in recent moments, exploding out of the short term descending channel I created for it as you can see here.

Current Price

We are currently trading on BitTrex at a Btc price of 0.07399999. We have hit a local high just under .08. I am not sure how long this will be sustained, but I drew in an ascending gan fan from the floor at the open of trading, and a spike to our 3:1 line could see a price of nearly 0.1.

Price receeding

As I write this, price is redeecing a little bit back towards 0.07. Lets see what we have in store for us tonight!