BCH/BTC down channel

BCH/BTC has managed to increase a little and to stay above UML of the descending pitchfork and above the lower median line (LML) of the ascending pitchfork. Price failed to reach and retest the upside line of the down channel so a breakdown below the LML and below the outside sliding line (sl) of the ascending pitchfork is still favored. Only a valid breakout from the down channel and above the sliding parallel line (SL) of the descending pitchfork will confirm a larger rebound.