BCH ratified this massive head and shoulders and broke down pretty substantially. I would imagine that we will get a bounce back up to this $1,200 area. However, do we bounce now or at BCH 900? on this smaller time frame we already have RSI in oversold territory but it's not there on the daily yet. I think it really predicts on when BTC bounces off of 7k and starts hitting those lows as to when we get a bounce on BCH.
Use caution and happy trading.
-Sherem
Use caution and happy trading.
-Sherem
Comment:
BCH is still in the process of moving down to 900, but it might even push past it before getting a rebound. use caution trading this.
Comment:
900 area held up well, if we cracking this $1000 mark and cold very possibly get a move further up to the upside to $1,200