KRAKEN:BCHUSD   Bitcoin Cash / U.S. Dollar
Good evening,

1) BCH is forming a gorgeous H&S . I cannot say that it is a complete pattern, but the way the price has been moving I can only think of a H&S .

2) BCH has been trading at a trend line that was established in December of 2018 and the price has not gone below that trend line since then, but if this bearish H&S pattern completes, then we can also expect the price to go below the trend line , which my opinion is a strong evidence of a bear market, even though BCH has not experienced a proper bull market as everyone would have liked.

3) I do not want to lose hope on BCH as a long term investment, even though it has underperformed compared to many other cryptocurrencies. The reason for not losing hope on this digital asset is that it has formed a very pretty cup indicating a bottom, but I don’t believe that the top is in for that cup, but it will indeed take time for the price to break its ATH if we enter a bear market soon. Who knows…maybe we are in a bear market right now.