Just some rough trendlines/TA
-blue line is the 50 day moving average
-yellow is the 21 day
-The green 45 degree line is a bullish trendline (3points of contact on the candles=trend line)
-The top Green line is previous support for BCASH
So basically bcash is holding up with two important moving averages, which is a healthy sign, but not necessarily a buy opportunity. If the candles fall into the buyzone and find some support in the area (ie it doesn't crash right through it - which is why we have stop loss set), I think that's an area to keep an eye on for a potential buy, as if it holds support there there's a good chance it will bounce back eventually.
Likewise, if breaks off its moving average up over the bullish 45degree trend line, I think that's a good indicator its gained momentum and can perhaps reach previous highs.
You can play around with the lines a bit, but if you're looking for a trade opportunity I think this is a decent indicator of what to look for. If you kept your bcash from the fork, I'd honestly just hold onto them as a hedge. Even if you hate bcash/roger ver and think it's a shitcoin that will die, understand there's a lot of folks who think otherwise, and you must always consider the possibility you are wrong. I know many people are quite emotional about the whole btc/bcc - but when it comes to finance/profits, emotional driven decisions have no place.
Not financial advise, just my thoughts, would love to hear/see anyone elses thoughts on where BCASH's price action may be headed.
-best
