BCH · Bitcoin Cash · Support and high potential for growthBitcoin Cash / Tether USDKRAKEN:BCHUSDTMasterAnandaBitcoin Cash. The chart is being kept simple for convenience, the analysis short. BCHUSDT saw a flash down-wave hitting bottom late June then started rising. This chart shows the contrast between the down-wave (left side) vs the transition period and initial recovery (right side). Notice I don't mention the word "uptrend" even though there are higher highs and higher lows. I think we can talk more of an uptrend once BCHUSDT reaches above $500 and continues higher. After $500 retraces just to keep on growing. With the current chart, we are looking at a bottom recovery and bullish accumulation. Prices are rising but this is all part of the correction-bottom recovery phase. What about another drop? Yes, I've been looking at the charts and definitely see the potential. Potential is only potential though, and not a guarantee or confirmation. Yes, the market shows the potential for a big drop on many projects, but also for a huge rise on many more and this rise has been unfolding for months. Which one to go for? Would you go for the doubt or the chart? Would you go with mental impressions and projections or the actual fact that the market long ago stopped producing new lows. Another drop is possible but this isn't what we are looking for, we look for a drop at resistance and not support. Anyway, Bitcoin Cash is looking good but not great. In all honesty, this chart setup can easily change but this doesn't change the fact that right now the bulls have the upper-hand, and this is only this project and chart. When we consider all those that are already moving up, we know the bulls already won. A bull-market follows. Namaste.