As I am writing, we can observe that BCH is currently forming a , which would be a very sign and a retest or break of the lows could be on the cards (granted there is still 2 hours until the candle closes).
The and have seen some movement higher on this move but nothing enthusiastic so far, showing that there still is some weakness and buyers aren't fully convinced of this move. If BTC does turn around here and head lower, we can see BCH breakdown from the level it bounced off and head for $300.
A significant break and close above $490 could see a move to $535.
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I'm actually not interested in how high or low it;'s gonna be this week..more like how and why it's going up or down on daily or weekly basis..I appreciate any info with details..Thanks..