It looks as though bitcoin cash has completed a full cycle. The latest correction retraced to the .618 fib level before putting in a symmetrical triangle patter. The triangle finally broke to the upside after completing an ABCDE correction. Optimistically, the correction is over and this is the first impulse wave of the new cycle. There is always the chance for further correction; however it is something to be aware of rather than use as the primary path. Using a 1.618 fib extension from the entire first cycle, a long term target of $8k is likely.