Trading plan: BCHUSD (Bitcoin Cash)
BCHUSD rate slowly goes down. Right now Bitcoin Cash buyers are not visible.
Priority of the day: sell BCHUSD with the target of $ 907.
The cryptocurrency market has weakened. The analysis of the volumes of Bitcoin Cash rate only confirms this. Even the bears no longer have the strength to lower the Bitcoin Cash rate.
Projected scenarios:
1. Sell BCHUSD from $ 1040 to $ 907.
2. The scenario of slow sliding of Bitcoin Cash rate to our target is possible.
Alternative scenario:
BCHUSD rate is depleted by the fight of bulls and bears. We expect that bears will take advantage of the weakness of bears. Alternative plan: buy Bitcoin Cash from $ 1100 to $ 1200, if there are volumes for purchase.
Priority of the day: sell BCHUSD with the target of $ 907.
The cryptocurrency market has weakened. The analysis of the volumes of Bitcoin Cash rate only confirms this. Even the bears no longer have the strength to lower the Bitcoin Cash rate.
Projected scenarios:
1. Sell BCHUSD from $ 1040 to $ 907.
2. The scenario of slow sliding of Bitcoin Cash rate to our target is possible.
Alternative scenario:
BCHUSD rate is depleted by the fight of bulls and bears. We expect that bears will take advantage of the weakness of bears. Alternative plan: buy Bitcoin Cash from $ 1100 to $ 1200, if there are volumes for purchase.
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