Bitcoin CashShort
Trading plan: BCHUSD (Bitcoin Cash)
Updated
Current situation:
Bitcoin Cash price has rolled back to 50% of its growing movement. There are several variants of the development of events: either the price of Bitcoin Cash will continue to increase, or it will fall.
Key levels are used by traders to: identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$980;
$930;
$889;
$829;
$800.
Support levels:
$781;
$760.50;
$698;
$661.50.
Forecast:
Bitcoin Cash rate drop to $ 760.50.
Bitcoin Cash price has rolled back to 50% of its growing movement. There are several variants of the development of events: either the price of Bitcoin Cash will continue to increase, or it will fall.
Key levels are used by traders to: identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$980;
$930;
$889;
$829;
$800.
Support levels:
$781;
$760.50;
$698;
$661.50.
Forecast:
Bitcoin Cash rate drop to $ 760.50.
Note
Trend analysis: BCH/USD (Bitcoin Cash) BCH / USD trend remains bearish.
Current situation:
Today, Bitcoin Cash quotation dropped to $770 and bounced above its support at around $780. We forecast a further decline in the price of BCH / USD to the level of $750, but for this, it is necessary to pass the support level at $785.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$820;
$850;
$890;
$930;
$970;
$1020.
Support levels:
$785;
$750;
$820;
$780;
$750;
$720;
$700;
$670;
$650.
Forecast:
Bitcoin Cash price drop from the level of $800 with the target of $750.
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