Trading plan: BCHUSD (Bitcoin Cash)
BCHUSD rate has been consolidating for a long time in the lateral movement. The volume for the purchase of Bitcoin Cash is large, so there is a probability of its rate going up.
Priority of the day: the growth rate of BCHUSD to $ 1100.
Knowing the explosive nature of Bitcoin Cash, it can first drop and only then rise to our target.
Projected scenarios:
1. The growth rate of BCHUSD from $ 1000 to $ 1100.
2. The fall of the BCHUSD rate from $ 1000 to $ 860.
An alternative scenario:
The BCHUSD rate may remain in the lateral movement for another day.
Priority of the day: the growth rate of BCHUSD to $ 1100.
Knowing the explosive nature of Bitcoin Cash, it can first drop and only then rise to our target.
Projected scenarios:
1. The growth rate of BCHUSD from $ 1000 to $ 1100.
2. The fall of the BCHUSD rate from $ 1000 to $ 860.
An alternative scenario:
The BCHUSD rate may remain in the lateral movement for another day.
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