Trading plan: BCHUSD (Bitcoin Cash)

BCHUSD reached its corrective target near the level of $ 1200. Now we expect bounce of the Bitcoin Cash rate up from this level.
Priority of the day: neutral position on BCHUSD.
Bitcoin Cash is now at the crossroads: it can go up straight from the $ 1200 zone or it can go down.
Projected scenarios:
1. We take neutral position on BCHUSD.
2. BCHUSD can get in the flat.
An alternative scenario:
BCHUSD has already bounced up from $ 1200, so it can easily climb to $ 1500.
At the time of publication of this forecast it is very difficult to say which side is better to occupy. We recommend that our subscribers wait for a clearer situation.