in my opinion, the constellation at bch doesn't look good. the downward trend has been tested twice. bch was able to recover afterwards. currently there could be another downward wave. the question is whether the bch can recover again. but the basic question is: is the bch a real alternative to btc? for the upcoming changes in btc
will continue to hold its position as the leading currency. bch is a normal altcoin. as such, I would rate the bch currently overvalued. should the bch maintain its position in relation to btc
, a significant increase would be possible. the rise would then be out of the just emerging decision triangle.
Let's see what happens. Happy trading. :-)