BCH had some good news last week (http://stockemperor.com/currencies/bitcoin-cash-darknet-marketplace/ and a payment acceptation).
BCH has always the same pattern :
- A huge run
- A huge consolidation phase with a bottom = the top of the previous run
Here we can see that BCH can consolidate to this value to prepare a new huge run to the moon.
I think that the current value of the BCH is a good opportunity for a long term hold before the next run.
- Accumulation between 2500-3000$ to prepare the next run
- It breaks the next resistance at 3000$ and we can see the next TARGET at 3700$ or the objective of 4300$