Bitcoin Cash Price Moves Above 5- and 10-day Moving Average as it Begins Recovery

As of September 18, some short-term price indicators are showing that Bitcoin Cash is starting to recover from the bear market it's faced the last couple of weeks. Bitcoin Cash closed Monday at $479.32 which now exceeds the 5-day SMA & EMA for the first time since September 8. The 5-day Simple Moving Average on Bitcoin Cash closed at $426.06 which down $4.86 from September 17, while the 5-day Exponential Moving Average closed at $454.01 which is up $12.65 from the previous day. Those two metrics are still down however from their August 22 and 23 record high respectively. The close on Monday also exceeds the 10-day SMA & EMA for the first time since September 7 and the 50-day EMA for the first time in 5 days. The fact that Bitcoin cash has exceeded both variations of the 5- and 10-day moving average are good signs of future short-term gains for Bitcoin Cash. But the price of Bitcoin Cash still lags behind the two key short-term averages, the 12-day EMA and the 26-day EMA. The 12-day EMA is closed Monday at $485.40 which is $6.08 higher then the price of Bitcoin Cash, while the 26-day EMA closed at $509.98 which is $30.66 higher then the Bitcoin Cash. A short-term rally in the price of Bitcoin Cash cannot be confirmed until it surpasses those two averages which could come as early as Tuesday if Bitcoin Cash has a good trading day on the 19th.