BCHUSD is going down following other cryptocurrencies. According to our forecasts, the stop of Bitcoin Cash drop should be expected near the 50% Fibonacci zone ($ 1,240 - $ 1200).
Priority of the day: sell BCHUSD with the target of $ 1240.
Bitcoin Cash has fallen very sharply in price, thereby increasing the likelihood of such a sharp rebound upwards. And we know that BCHUSD can grow faster than BTCUSD.
Projected scenarios:
1. We think about sales of BCHUSD from the level of $ 1360 with the target of $ 1240.
2. The second option will be the lateral movement of BCHUSD until the end of the day.
An alternative scenario:
Our backup plan is the growth of BCHUSD rate from $ 1,300 to $ 1,400. But, we are working with the trend, so we are battling with bulls on the side of the bears today.
Priority of the day: sell BCHUSD with the target of $ 1240.
Bitcoin Cash has fallen very sharply in price, thereby increasing the likelihood of such a sharp rebound upwards. And we know that BCHUSD can grow faster than BTCUSD.
Projected scenarios:
1. We think about sales of BCHUSD from the level of $ 1360 with the target of $ 1240.
2. The second option will be the lateral movement of BCHUSD until the end of the day.
An alternative scenario:
Our backup plan is the growth of BCHUSD rate from $ 1,300 to $ 1,400. But, we are working with the trend, so we are battling with bulls on the side of the bears today.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.