As usual BCH keeps going to extremes just when everyone thought it was dead. This rally is not really shocking because it got dumped extremely hard.
I can't find that 5 waves are done even after this 60%+ jump, so there appears to be 5th wave pending to be played. Either-ways it needs to cool off and I expect the 4th wave will correct to 0.5 to 0.618 Fib which also happens to be just above the $100. Staying above $100 will give confidence to the market
BUT if the price goes below wave 1 top ($90), we should consider that 5 waves were actually done
Take Care. Be Safe
I can't find that 5 waves are done even after this 60%+ jump, so there appears to be 5th wave pending to be played. Either-ways it needs to cool off and I expect the 4th wave will correct to 0.5 to 0.618 Fib which also happens to be just above the $100. Staying above $100 will give confidence to the market
BUT if the price goes below wave 1 top ($90), we should consider that 5 waves were actually done
Take Care. Be Safe
Be Safe (Long-term this coin is badly undervalued)