More Blood for Bitcoin Cash?

Hello everyone, don't get offended these are my personal views & opinions.

As we all know, a new week is about to start and hence pre week analysis is very required for traders to get their weekly bias and to trade in that direction so i'll just post mine on how i see $BCH market to do this week.

WEEKLY CHART

If you just focus on this area of price action you can see that price takes liquidity above the line to trap retail buyers & then form an order block with a strong reaction.

This area will be a strong resistance zone in my opinion.

In view of market structure price just break a low and now in a premium market. In case of the market structure.

DAILY CHART

Now let's see what the daily chart is hinting.

Price just traded to a fair value gap, a fair value gap is when price takes liquidity and moves aggressively which cause a big gap in price.

And this is my final view on how i view the chart, it is a classic accumulation manipulation & distribution pattern also known as AMD pattern.

Generally the market makers will create a consolidation period in which they accumulate shorts(in this case) then create a false move until Higher time frame resistance is met that we have already found the weekly OB that we have just discussed about, to trap retail traders and grab liquidity and finally move in the desired direction.

Here's a naked chart for your reference with the targets i personally see in the market and the percentage drop too.

Again for a remainder don't take my opinions as a financial advice. Do your own research.