The Triangle pattern ends its formation on the Bitcoin Cash rate. It will soon become clear whether BCHUSD will grow.
Priority of the day: buying BCHUSD with a target of $1600.
Today, there are two possible options: purchases and sales of BCH.
Projected scenarios:
1. The BCH rate drops to $ 1320 - $ 1260 and then starts rising to $ 1600 (blue scenario 1).
Today we expect exactly this development of events.
2. The drop in the rate of Bitcoin Cash to $ 1100 (red scenario 2). Sales should not be excluded from the options. But, we will sell deals for BCHUSD only after $ 1223.
Alternative scenario:
Flat for BCH is going to be around for another day.
Priority of the day: buying BCHUSD with a target of $1600.
Today, there are two possible options: purchases and sales of BCH.
Projected scenarios:
1. The BCH rate drops to $ 1320 - $ 1260 and then starts rising to $ 1600 (blue scenario 1).
Today we expect exactly this development of events.
2. The drop in the rate of Bitcoin Cash to $ 1100 (red scenario 2). Sales should not be excluded from the options. But, we will sell deals for BCHUSD only after $ 1223.
Alternative scenario:
Flat for BCH is going to be around for another day.