The analysis for BCHUSDT begins on September 9th, with Bitcoin Cash at $586, down 2.4%. The analyst is initially bullish, noting support around the current level, and believes a different outcome is likely, expecting it to move higher given a bullish ribbon. As the analysis progresses, a bearish view emerges. The analyst examines the one-hour timeframe and notes signs that make him believe BCHUSDT is likely to go down. Analyzing the hourly RSI, the analyst describes a bearish pattern of lower highs and lower lows. However, bullish divergence on the hourly MACD is recognized. Looking at the 4-hour RSI, a recent break from a higher low trend is noted, shifting to a lower low pattern. Analyst marks 545 as potential target in case of a head and shoulder pattern. Ultimately, given MACD indicators, he believes that price could go a bit lower to 545 then bounce. If it breaks certain line the price can go lower. Finally, given the monthly chart the analyst reaffirms bullish sentiment as it relates to time until EOM, considering thousands as target, or in worst case, $1800 as a target.