CRYPTO of the week: BCHUSD taking some detour but view unchanged

bitcoincash is trapped between 1,574.37 and 1,255.55. The first sequence to the downside from 1,574.37 was a motive 5 waves so resolution should be to the downside for another leg.
Meanwhile, I expect some choppiness through a wedge (flag).
View unchanged.

Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 29/04/2018-05/05/2018, I propose BCHUSD

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Comment:

New high above 1,490 is worrying but as long as below 1,574.37, we should see lower. Still stand with motive 5 waves down from 1,574.37. Of course, a FLAT is always a possibility but only after the fact.
And I repeat, I don't like to sell here or higher but prefer to position long lower if we reach the area.