Bitcoin Cash — 35% Potential — 72% Win Rate
$BCH flashed a bullish EMA strategy signal on the daily chart.
The signal has a win rate of 72% based on 22 historical appearances.
➡️ The win rate isn't extraordinary on the daily chart. However, the overall market sentiment seconds a bullish move.
➡️ Trend Indicators are bullish
➡️ ADX is weak — be careful ‼️
➡️ Some momentum indicators are bearish and need to be monitored closely.
Chart assessment
➡️ A break above the 520 level can signal a long entry.
➡️ Mid-term, there's room to run until 690 (or beyond). However, adding some take-profit pre-targets on the way up is wise.
