BCH not looking likely to break trend from recent high and facing key resistance at .154. Fast descending trend line was broken at .124 where we bounced off of strong support. However, I suspect that we stay under the downwards trend and head towards support at the bottom of the channel, likely retesting .124 again.
This was just a bounce. It always gravitates towards 0.09. It all depends on BTC. If it crashes to 6k or 5k.. BCH may go to 0.07...
tobymortimer
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@tradewizz, true, I won't be looking to open a position above .09, definitely think we'll be staying in the red-zone over the next month and as you say, possibly breaking down to <.10