After a brief breakout to ~$640, BCH retraced to $400 and has resumed trading within an 3 week ascending channel. It appears that the price wants to attempt another upside breakout from this channel. One possible scenario on the short term is shown here. It appears that a "cup" pattern is forming, which is usually followed by a slight pullback, forming a "handle." This is generally a bullish indicator, and is expected to be proceeded by a breakout above $510. NOT TRADING ADVICE.