Looks like BCH is correcting from an 5 impulsive waves waving from $300 to $540, C could find the bottom around $360.
long - take profit 500-600 short - take profit 300-200 Good Luck
Chart showing entry and exit areas. Of course all altcoin analysis is dependent upon the price action of Bitcoin, as the sentiment of these coins follows their leader.
If we look at the movements of the last weeks, we could extrapolate the trend lines on the basis of fibo under the condition that the top is around 900 USD (fibo 1). So there could be two possible trend ways up to the target 1.300 USD. it is very rough, but possible. Correction way 1 to around 575 USD. Correction way 2 to around 400 USD with a between high to 760...