Looking at the daily chart, you can see that Bitcoin Cash (like Bitcoin) is quickly approaching the dreaded "Death Cross" or when the 50-day moving average crosses the 200-day moving average. A cross of these two would be very bad for Bitcoin Cash and would likely trigger more selling, sending it to new all-time lows. Coincidentally it has an almost completed pennant pattern formed and as history has shown, it has the potential to explode to the upside very quickly. I think this most recently selling off was due to the Bitcoin pump from $7,200 to $8,600. These next few days will be telling, but considering a bullish cross on the MACD with its positive price action and near pattern completion, I am optimistic. At the same time, it is important to note that many alts are dependent on Bitcoin's health and if Bitcoin cannot turn things around here soon, it very well could have a strong influence to the downside on the rest of the market including BCH.