Bitcoin Cash has ricocheted again from the $657 levels and has broken out of the downtrend line. It is as of now confronting opposition at the 20-day EMA. A break out of this is probably going to begin an up move, which can convey it to $934 and after that to $1,200 levels.
In the event that the bears guard the 20-day EMA, the BCH/USD combine can slide back to the June 29 lows of $657.8. It will wind up negative on the off chance that it breaks beneath this level.
In this manner, we suggest a long position on a nearby (UTC) over the 20-day EMA with the SL at $650. As the underlying danger to compensate proportion isn't exceptionally engaging, kindly utilize just 40 percent of the standard position estimate for this exchange.