Good Friday my fellow cryptocurrency trader. Here I have the Bitcoin Cash ABC (BCHBTC) chart for you on the daily and weekly timeframes.
The main chart above is the daily (D) timeframe
On this chart, we can see that BCHBTC hit a low in Mid-July '19. This same low has been maintained.
BCHBTC has been consolidating trading sideways since then.
EMA10 is now being challenged and a strong bullish move can follow next. This is based on market cycles, experience and early signals coming from the charts.
Strong bullish divergence can be spotted with the MACD and RSI.
Now let's continue with the weekly (W) chart for Bitcoin Cash ABC (BCHBTC):
Notice that the late December '18 support has been hit. When this level was hit last year it led to a 185%+ bullish move. BCHBTC is now trading within these same levels.
On this chart you can find the main Fib. targets as well as the All-Time High profits potential projections.
This will be all, for now, to keep it simple. Remember that we are active with this pair with leverage as well with an easy target of 111% potential profits, you can find the chart below: