BCHUSD accurately fulfilled the reduction target of $ 800, which we wrote about in our previous review. Since then, bitcoin cash has drawn a 3-wave rebound and + 90% from the minimum, only hesitating before the level of 1540, clearly trailing behind his older brother BTCUSD. In the meantime, the MA cross on the daily chart turned to buy, giving a technical signal for closing short positions and look for opportunities to open long ones. Now BCHUSD tests the lower limit of the growth channel from $ 800, while being directly in front of the resistance zone $ 1540- $ 1750. The previous growth wave did not reach the upper border of the channel, so there is a high probability that the way out of it will be downwards or sideways (flat). However, while the rate is above the slow moving average (today it is $ 1,300), further increase is more likely. The minimum program for the 3-wave correction after a 5-wave fall is completed, but the option of growth to $ 1,750 and even $ 2000 is still viable, it could even happen without a downward correction. However, from the area of $ 1,750- $ 2,000, we would probably see a decline, at least to $ 1,200
