Trading plan: BCHUSD (Bitcoin Cash)
BCHUSD rate accumulates forces before a shoot.
The priority of the day: BCHUSD sales with the target of $1030.
We are still on the side of the bears, since the volumes for sale of Bitcoin Cash are higher, and the trend is downward. However, we can not exclude the victory of bulls, then the Bitcoin Cash rate will soar to $ 1220.
Projected scenarios:
1. BCHUSD rate will decrease from $ 1120 to $ 1030.
2. Bitcoin Cash rate will rise from $ 1120 to $ 1220.
An alternative scenario:
Usually, Bitcoin Cash rate accumulates forces in flat for a long time; therefore, it may be in flat today.
The priority of the day: BCHUSD sales with the target of $1030.
We are still on the side of the bears, since the volumes for sale of Bitcoin Cash are higher, and the trend is downward. However, we can not exclude the victory of bulls, then the Bitcoin Cash rate will soar to $ 1220.
Projected scenarios:
1. BCHUSD rate will decrease from $ 1120 to $ 1030.
2. Bitcoin Cash rate will rise from $ 1120 to $ 1220.
An alternative scenario:
Usually, Bitcoin Cash rate accumulates forces in flat for a long time; therefore, it may be in flat today.
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