After meeting an old trendline- breaking it - and then a rejection BCH is almost ready to dive. A breakout below 0,02987 (day-low) would be a confirmation. On the downside there is much potential. Around the fib38 we could meet another old trendline who could give us the perfect exit and re-entry around 0,02961. If we have patience (longs will pay us funding from time to time :-) ) we could find and seek the golden pocket where some very old resistance levels might do their job again. Final exit around 0,028. That would be a nice ride.
You could wait for 0,02987 to enter but it could go fast ...
You could wait for 0,02987 to enter but it could go fast ...