Trading plan: BCHUSD (Bitcoin Cash)
BCHUSD rate will soon be out of the lateral movement.
The priority of the day: BCHUSD sales with the target of $1030.
A trend analysis obliges us to work in the direction of price movement. That is why we support the bears so far.
Projected scenarios:
1. BCHUSD rate will decrease from $ 1120 to $ 1030.
2. Bitcoin Cash rate will rise from $ 1120 to $ 1220.
An alternative scenario:
Bitcoin Cash rate can safely remain in flat today.
The priority of the day: BCHUSD sales with the target of $1030.
A trend analysis obliges us to work in the direction of price movement. That is why we support the bears so far.
Projected scenarios:
1. BCHUSD rate will decrease from $ 1120 to $ 1030.
2. Bitcoin Cash rate will rise from $ 1120 to $ 1220.
An alternative scenario:
Bitcoin Cash rate can safely remain in flat today.
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