Correlating Bitcoin cash and Bitcoin make sense, on the end they are relatives.
Bitcoin prove his toughness and resistance to all kind of disturbances. He swing a lot but he always come back stronger. Bitcoin cash shows that is highly correlated to his ancestor. I hope that gradually each coin will gain persistent community of miners decentralized enough, that they will secure the the network and collect transactions without delays.
When China exchange ban happened Bitcoin swing 2/3 of his value downwards. It was scary, but Bitcoin make it. Also Segwit2x fork called off was a big blow, but Bitcoin is like Phoenix. He rose from ashes again, rebound from $6500 level and now is testing $8000 mark again. MACD shows solid uptrend but RSI is warning that it will be no rally much higher in the near future.
Bitcoin cash is settling just above $1000 level. MACD shows weak downtrend but RSI is approaching oversold area and it is quite likely that $1000 support level will hold and that BCH will also gradually take off. It'll be better to wait until BCH is under MA90 moving average (green line) and not buy inpatiently. Setting stop loss just bellow $1000 for existing long positions is a wise move anyway.
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Image sources: Investing.com
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