Trading plan: BCHUSD (Bitcoin Cash)
The BCHUSD rate has grown.
Priority of the day: neutral position on BCHUSD.
Bitcoin Cash rate should finish correction near the falling edge of the resistance line, near the $ 970 level.
As you remember, we are working on a trend, so we do not open any deals for the purchase of Bitcoin Cash. We expect the best price for the sale of Bitcoin Cash.
Projected scenarios:
1. The BCHUSD rate will rise from $ 885 to $ 970.
2. The BCHUSD rate will remain in flat until the end of the day.
An alternative scenario:
It is possible that the fall of Bitcoin Cash will occur today, with a target of $ 780.
Priority of the day: neutral position on BCHUSD.
Bitcoin Cash rate should finish correction near the falling edge of the resistance line, near the $ 970 level.
As you remember, we are working on a trend, so we do not open any deals for the purchase of Bitcoin Cash. We expect the best price for the sale of Bitcoin Cash.
Projected scenarios:
1. The BCHUSD rate will rise from $ 885 to $ 970.
2. The BCHUSD rate will remain in flat until the end of the day.
An alternative scenario:
It is possible that the fall of Bitcoin Cash will occur today, with a target of $ 780.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.