One reason for this could be the upcoming fork on May 15th.
Once the correction is over, the fun can begin. It's very likely that Bitcoin Cash will have another sharp down move before it starts.
And you know the potential of what Bitcoin Cash has as soon as it shows a sign of strength. Roger Ver will do a lot to make the coin fly like the last few times.
Also, it is likely that we will see a new all time high. You can find the first targets on the chart above.
Here an overview for BTCBCH:
You can also wait for clear confirmation like waiting until it breaks the top. Let's see.
It always depends on how strong the coin is. Bitcoin Cash, for example, sometimes passes through all resistance without any problems. I would recommend to take at least 10-20% profit on each target and always rmove the stop loss.
It will generate big hype :-)
I do not just rely on the news. When Bitcoin Cash was below 0.1 BTC, I saw that it has potential to hit 0.5 BTC. Before that, I did not even know that there would be news.
Here what I saw before (BTCBCH):