BCH 4-Hr Update analysis -- Boring!Trendline held as resistance

The Primary Trendline was only a reference and never had enough data points to be considered Primary, but I speculated it would hold. I was wrong (save this I may not say it again). The secondary Trendline held as resistance and now holds as support. There is a lot of activity at these levels and while the downward solid trend holds, for now, it in no way indicates short-term Bearish conditions. We are range trading. I would wait until a definite short-term trend can be identified before Dollar-Cost-Averaging into BCH. We are way over-extended on the pullback from the most recent short squeeze and if we break and hold the downward trend and break the .786 fib level the conditions for BCH will be considered BEARISH and Way Over Extended!

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