Momentum Reversal? Bitcoin Cash's Heads Up for the First Time in 4 Days

The Daily View for Bitcoin Cash

At the moment, BCH’s price is up $0.28 (0.11%) from the day prior.
This is a reversal of the price action on the previous day, in which price moved down.
From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
Price action traders may also wish to note that we see a doji candlestick pattern on Bitcoin Cash. Given that we see downtrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Bitcoin Cash’s hourly price chart is shown below.

At the moment, BCH’s price is up $0.28 (0.11%) from the day prior.
Bitcoin Cash has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
Price action traders may also wish to note that we see a doji candlestick pattern on Bitcoin Cash. Given that we see downtrend on the 20 and 5 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Divergence between BCH’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in BCH’s price.

Below is a daily price chart of Bitcoin Cash.

BCH has a number of daily new addresses of 0, NA NaN% from its value day prior.
Over the past 132 days, the trend for BCH’s average transaction value has been choppy and unclear. It has oscillated between 0 and 130.6784.
For BCH, its daily transaction count is now at 0.