BCH has been forming rising wedge reversal pattern in intraday chart (1 hour). This can be turnout to be short reversal. The pattern can also some time act as a continuation. MACD is showing weakness in BCH. Keep an eye on rising wedge trend line (pink line), if trend line breached down side, expect 1390.
Two ways for BCH to the USD this time, strong support is showed around 1200, if it breaks that we could potentially see BCH falling down to around the 170 mark in the long run. Otherwise, it could follow the previous trend of a short bullish move, back to support, back to short bullish move and so on.