Now BCH/USD is facing a resistance at 127.2% level applied through the previous all-time high corrective wave. This is the $3750 level which has been rejected throughout the past couple of days. Price spikes went above that level, up to $4236, nevertheless, it failed to close above the 127.2% Fibs.
Now the key price level remains $4236 and only break above could push BitcoinCash higher. But at this point, a corrective wave down to 61.8% , at $2680, should be expected.
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It's taking a while to recover from this correction, BTC is struggling even more