BCH descending triangle forming

Bitcoin cash had a great run last week but ultimately caved to the BTCUSD downward trend over the past few days. Although there have been a few recoveries here and there, BCHBTC instead looks to be forming a descending triangle rather than any positive trends over the next few days.

Confirmation is still needed, but if a triangle does form and breaks downward, it could take a recovery slightly longer before any positive trend occurs.

It looks like a trend to watch out for if you are one to keep an eye on BCH trends.