BCH is been "captured" in a symmetrical triangle. And at the same time there are two overlaying trend channels (green and red).
A good signal would be if BCH breaks out to the top - then one could expect it to rise at least to the next resistance (fib retracement 61.8%, 2.860$).
A bad signal would be if BCH stays in the descending trend channel and breaks out of the triangle to the bottom.
Then it could fall to the next support at 38.2% (2.090$).
Indicators (1d-candle):
RSI: neutral
MACD: Trigger - and signal line are falling, losing momentum, negative
ADX: around 20 - no trend in sight, momentum down
Volume: very low
conclusion:
actually I do not expect a rise of BCH-price, more probable is a falling trend
next valuation: lower line of symmetrical triangle
A good signal would be if BCH breaks out to the top - then one could expect it to rise at least to the next resistance (fib retracement 61.8%, 2.860$).
A bad signal would be if BCH stays in the descending trend channel and breaks out of the triangle to the bottom.
Then it could fall to the next support at 38.2% (2.090$).
Indicators (1d-candle):
RSI: neutral
MACD: Trigger - and signal line are falling, losing momentum, negative
ADX: around 20 - no trend in sight, momentum down
Volume: very low
conclusion:
actually I do not expect a rise of BCH-price, more probable is a falling trend
next valuation: lower line of symmetrical triangle