I believe BCH is fueling up for its next big move.
1) It looks like the correction is now over and BCH is forming a nice bullish triangle on the one hour chart.
2) On the 2 hour chart I've marked 5 waves down, completing an ABC correction after 5 waves up.
3) On the 4 hour chart I've mark a longer term possible upswing to resume the bull trend.
4) MAs are also starting to tighten up on the 4 hour chart and that's usually a good sign for a pop.
I'm already in BCH, and will be holding for a while as I think BCH is really just getting started. Since it looks like it has only completed the first major impulse wave up, we have 2 more if my counts are right.
We might see a small dip back down to around .077 again just to test support, and even if we dip back down a bit that could simply be the C leg of an ABC correction and I'd have to adjust my counts. But a lot of things are lining up to confirm a continuation of the bull trend.