Bitcoin CashShort
Trading plan: BCHUSD (Bitcoin Cash)
The BCHUSD rate drew the "Head and Shoulders" figure and is preparing to continue the bearish trend.
Priority of the day: a decline in the rate of BCHUSD to $ 666.
Bitcoin Cash price moving in different directions in the past couple of weeks, trying to confuse all the participants of the crypto market. We understand that such often change of direction of the Bitcoin Cash price speaks of the accumulation of the position of a major player.
Projected scenarios:
1. The BCHUSD rate will decrease from $ 710 to $ 666.
2. The BCHUSD rate may not immediately continue to fall and stay one more day in flat.
An alternative scenario:
The Bitcoin Cash rate growth from $ 710 to $ 800.
Priority of the day: a decline in the rate of BCHUSD to $ 666.
Bitcoin Cash price moving in different directions in the past couple of weeks, trying to confuse all the participants of the crypto market. We understand that such often change of direction of the Bitcoin Cash price speaks of the accumulation of the position of a major player.
Projected scenarios:
1. The BCHUSD rate will decrease from $ 710 to $ 666.
2. The BCHUSD rate may not immediately continue to fall and stay one more day in flat.
An alternative scenario:
The Bitcoin Cash rate growth from $ 710 to $ 800.
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