Bitcoin Cash Analysis: Down 20% Today, Found A Bottom?

Im closely following Bitcoin Cash and after its mega-rise last week, we shouldnt be surprised by a pullback. It went from 300 to 950 USD and today it touched 540. Here is the hourly chart:

Comment: So, the big question here is if it will find a bottom today. It is kind of hard to tell from this graph I think. We need to look at a longer time frame, lets look at the 4h chart:

Comment: It is easier to tell from this 4 hour chart, we can see potential support between 540-630 USD and Bitcoin Cash has also touched the lower part of its bollinger band. Im not betting on a bottom yet, I would just wait this out and see where we close for the day.

Happy trading!