Trading plan: BCHUSD (Bitcoin Cash)

Updated
Current situation:
Bitcoin Cash rate took a lateral movement. Today we still see an opportunity for a small bounce of the Bitcoin Cash rate up.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 1150;
$ 960;
$ 825;
$ 710.
Support levels:
$ 682;
$ 648;
$ 600.
Forecast:
We stick to our previous forecast - the growth of Bitcoin Cash rate from $ 682 to $ 740.

Note
Trend analysis: BCH / USD (Bitcoin Cash)
The trend for BCH / USD remains bearish.

Current situation:
Bitcoin Cash quotation is traded in flat: $685- $710. We expect the price of BCH / USD to exit from consolidation up to levels: $750, $810. Also, we do not exclude the update of new lows of Bitcoin Cash price to the zone: $660- $650.

Key levels are used by traders for determining immediate targets, limiting losses, fixing profits, entry points.

Resistance levels:

1. $ 720;
2. $ 750;
3. $ 771;
4. $ 810.

Support levels:

1. $ 670;
2. $ 660;
3. $ 650.

Forecast:
The forecast remains the same. The rise of the Bitcoin Cash price from $700 to $750.
snapshot
BCHUSDTrend Analysis

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