Trading plan: BCHUSD (Bitcoin Cash)
BCHUSD rate is approaching the sales area: $ 970 - $ 930.
Priority of the day: neutral position on BCHUSD.
Bitcoin Cash completes correction to the downtrend. Today we expect a slight increase in the Bitcoin Cash rate to the sales zone: $ 970 - $ 930. After that, we forecast a drop in its rate to $ 800.
Projected scenarios:
1. The BCHUSD rate will drop from $ 930 to $ 800.
2. The BCHUSD rate will remain in flat until the end of the day.
An alternative scenario:
Bitcoin Cash rate can rise to $ 970 and higher. While there is no initiative of Bitcoin Cash sellers, we are not in a hurry with its sale.
Priority of the day: neutral position on BCHUSD.
Bitcoin Cash completes correction to the downtrend. Today we expect a slight increase in the Bitcoin Cash rate to the sales zone: $ 970 - $ 930. After that, we forecast a drop in its rate to $ 800.
Projected scenarios:
1. The BCHUSD rate will drop from $ 930 to $ 800.
2. The BCHUSD rate will remain in flat until the end of the day.
An alternative scenario:
Bitcoin Cash rate can rise to $ 970 and higher. While there is no initiative of Bitcoin Cash sellers, we are not in a hurry with its sale.
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