The channel the price is moving in was created from the initial larger upward wave. After it retraced from the massive move, it fell back into this channel and has respected it on a larger time frame almost perfectly.
I don't think BCH flew all this way to touch Eth marketcap only to be sold down into oblivion.
@johndemo, well I do recommend to take a look at the RSI on more time frames ;) chech this one on 1D BTW I do recommend not to trade only on the RSI basis, look for more confirmations, MACD, supports etc. Wish you a happy trading. Cheers