BCHUSD BITFINEX About to break downtrend channel

Here we have Bitcoin cash finally trying to leave the pink downtrend channel , we could see the end if the correction if it manages to leave the channel. We can see it already managed to break above 50 EMA in orange. We also have a bullish divergence in the RSI and MACD :D.

I have placed a fib extension to set targets, but remember we need to break the channel first in order to be back in a bull market.

If it doesn't manage to break the channel to the upside, we will head downwards and continue with in a bearish market.