Bitcoin Cash was in an ascending correction for the last couple of months but it broke to the downside and then created a minor correction.
The minor correction rejected the 0.5 fibonacci and now we may see it rolling over to the previous bottom to create a higher timeframe double bottom. Another confluence we have in that area is the -0.27 target fibonacci which makes it an even more high probability area that price may reach there.
The minor correction rejected the 0.5 fibonacci and now we may see it rolling over to the previous bottom to create a higher timeframe double bottom. Another confluence we have in that area is the -0.27 target fibonacci which makes it an even more high probability area that price may reach there.