As mentioned in the previous article last week, Bitcoincash has been under correction(dropping) and it dropped further 20%+ since last week.
After surging 200%+ in the mid of December, It has dropped 50% at the time of writing.Though such drop is usual after such price surge but it need to holds $123-$109 price level to continue momentum. confirmation will be when it breaks $220+ level in the coming days/weeks with a target around $350+ price level
If it doesn't hold the $123-$109 then it will slightly for the asset and we might see the price fall below $100 in the coming days/weeks.
Stoch RSI is completely reset. It just held 153$ support and is now reclaiming 161$ support.
In a mini alt season where all the big cap shitcoins like EOS, cardano are pumping, BCH is going to at least $220 which is basically a 40% move from 150 support.
I should have said, as of right now, i would take your bullish case as highly likely.
And your ideas for both cases are spot on.
Personally I'll be rebuying around the 161-164$ support test and longing with a $215-220 target.
I think another move up is coming soon too. Going long from 240 to 230 :)