Breakout Area Once the Dec. 28th
Segwit2x hardfork is complete
Mass migration into Bitcoin Cash could very well take place
For it's Jan. 2nd 2018 hardfork...
The channel is pointing upwards. The Buy Zone to get into BCH ( Bitcoin Cash ) is steadily rising, bouncing off of and testing bottom support of the still . and are both oversold breaking up with lots of room to move off these steadily rising support levels. So all systems (signs) are go from what I see as the volumes creep back into normal gear that could pump the price action more in the general upward trend this support channel is carrying us.
$2,580 is the first Fib. 50% entrancement target into a heating Buying Opportunity. Then next is $3.035 for the 61.8 full breakout to start moving UP in the direction of new ATHs (All Time Highs).
Research shows Bitcoin Cash (BCH) cost ONLY 0.1 - 2%
of what it cost to send Bitcoin (core) ( BTC ).
Bitcoin Cash is 100X a better "Medium of Exchange"
than Bitcoin (core) and is still valued less than 1/5th.
You do the math...
Looks like lot's of upside there to me... ;)
Basic economics for a crypto "currency" to succeed as a "medium of exchange" is that it must beat out the competition in cost, speed, reliability and security - with emphasis on COST.
If noting else, I consider these good well-thought-out reasons to at least hedge Bitcoin Core ( BTC ) bets with Bitcoin Cash (BCH).
Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
Wishing you all Happy Holidays and
All the very best wishes of luck in your trading ;)