Trading plan: BCHUSD (Bitcoin Cash)
BCHUSD tested the level of $ 1500 from below and continues to fall in price.
Priority of the day: sell BCHUSD with the target of $ 1200.
Bitcoin Cash finishes forming the Triangle shape. We hope that this time, BCHUSD will exit Triangle shape correctly: down to $ 1300 - $ 1200.
Projected scenarios:
1. Sell BCHUSD from $ 1400 to $ 1200.
2. BCHUSD can still remain in the flat today.
An alternative scenario:
BCHUSD can break the level of $ 1500 up, and go to $ 1600. Given the interest of buyers to this cryptocurrency, you can not exclude the possibility of bulls victory. Already after the level of $ 1600, you will need to think about changing sides and take a bullish position.
Priority of the day: sell BCHUSD with the target of $ 1200.
Bitcoin Cash finishes forming the Triangle shape. We hope that this time, BCHUSD will exit Triangle shape correctly: down to $ 1300 - $ 1200.
Projected scenarios:
1. Sell BCHUSD from $ 1400 to $ 1200.
2. BCHUSD can still remain in the flat today.
An alternative scenario:
BCHUSD can break the level of $ 1500 up, and go to $ 1600. Given the interest of buyers to this cryptocurrency, you can not exclude the possibility of bulls victory. Already after the level of $ 1600, you will need to think about changing sides and take a bullish position.
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