Looks like a mini fractal is playing out.
If you look at a smaller timeframe 1hr, 4hr, it looks like BCH is looking for a bullish continuation on an equilibrium pattern. I'm guessing this will take us to about 1500, at which point we the rest of the fractal will play out and take us back to the blue line.
Let me know your thoughts!
Short term long. Medium...
Bitcoin Cash (BCC):-
Bitcoin Cash is still trading within the falling wedge while the price moves are sobering and also the lines are converging closer and closer.
You could see a breakout from this pattern in the coming few weeks which can see prices head to weekly resistance levels of 1294.
Go Long upon the breakout from the downtrend line.
