I'm seeing yet another horizontal channel here in the intermediate term but you can clearly see high lowers on an up trending RSI. In addition we have a bullish ascending triangle with intersecting resistance lines and two failed attempts at breaking that resistance line. If we can break here my immediate target is a retest of 2950. Ive been trading in and out of BCH as the largest portion of my portfolio at this point in time. Current entry is ~2300 with the goal of selling either a 30% or 50% tranche of the position in the 2900 range. I'm expecting this retest to occur over the next 72 hours. I should be able to tell where I will want to re-enter the position depending on how it reacts at the 2950 resistance mark.
There is a pretty severe trend line forming at the top of the down trend over the past 2 two days but its slope is so severe I don't expect it to put up much resistance and I don't think it warrants a new chart. I don't like/don't know how to edit these charts in updates so I won't be posting an updated chart until we have another meaning trend or indicator. I'm still holding my full position of BCH and it makes up roughly 60% of my current crypto holdings. Keep in mind, my crypto holdings are a small portion of my total trading portfolio and I trade it more aggressively, with a higher risk tolerance, than any other asset class.