From the current rally, we see that BCH retraces to 0.5 and 0.618 levels. Unfortunately, Wave V, which I thought could've reached $4777 circa, was interrupted by this selloff.
During this selloff, UO generated a buy signal. I think to finish off the correction waves, there'll be one more drop to $3450 circa before leveling off for the next round of impulse waves -> yes, I believe there'll be one coming around soon, because BCH is currently very . It's not a 6000 BCH sell wall on a single exchange will erase ( btw , the sell wall is now only half its original size -> some people sadly sell into the dump).
Check the indicators. Don't sell into a dump!
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One last thing: Don't listen to the shills talking about bitcoin or bitcoin cash killing the other. You're the market. The market decides.
However, this market changes very quickly. I'd wager that the above is the worst-case scenario.
I think those who wanted to sell have sold. Others will decide as the market moves.