Both BCH/BTC and BCH/USD are showing a bearish pitchfork and almost touching its next support, which probably will happen around April 5th, when BCH/USD will get to the ~US$570 range and BCH/BTC may hold its ~0.09 support. If it fails to hold, the next major and stronger supports are ~US$280 and ~0.068, which may happen at around April 24th if this bearish trend continues.
If it touches those stronger support zones, it may show a good opportunity to go long on Bitcoin Cash 0.95% , otherwise we can just continue to go short for now.
If it touches those stronger support zones, it may show a good opportunity to go long on Bitcoin Cash 0.95% , otherwise we can just continue to go short for now.