Bitcoin Cash [BCH] crosses 6-month high; why then, should investors be wary?

ambcrypto.com:

Bitcoin Cash [BCH] surged to its highest value since August 2022, after it broke the $150 region on 20 February. According to CoinMarketCap, the cryptocurrency recorded one of the most gains on the said date as it raced to the height. But at press time, the momentum seems to have decreased as BCH traded at $147. 53.

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There have been cases where a slide like this was only a short-term drawback. So, is this one of such times? Based on the daily chart, the Relative Strength Index (RSI) was higher than normal at 63.74. The indicator is a momentum oscillator that gauges changes of price movements and speed.

Now, the BCH RSI value indicated that the cryptocurrency had a high buying power. But in the case where the value hits 70, then it means that it has hit an overbought zone. Hence, there could be a significant price reversal in that area.

As per the Moving Average Convergence Divergence (MACD), the Bitcoin Cash momentum was not necessarily bullish. This was because the blue dynamic line was only positioned above the orange slightly. This condition meant that buyers and sellers were in a heated contest for control. But the greens had an edge, nevertheless.

Furthermore, the Directional Movement Index (DMI) suggested consolidation in the short term, as there was no support for a continuous uptick. 

Source: TradingView

As of this writing, the -DMI (red) was 8.93.  The opposite number, the +DMI (green), was notably higher at 24.73. But the Average Directional Index (ADX), which signals weak or strong asset direction, had trended lower. This means the greens may be interrupted before it could BCH $150 again.

Concerning the on-chain status, Bitcoin Cash’s