Trading plan: BCHUSD (Bitcoin Cash)
The rate of BCHUSD has fallen sharply after growth.
Priority of the day: neutral position on BCHUSD.
Today we take a wait-and-see position because the Bitcoin Cash sales area is $ 970 - $ 930. It's too early to buy Bitcoin Cash. It is necessary to wait for either a trend change or to sell Bitcoin Cash on a trend.
Projected scenarios:
1. The BCHUSD rate will rise from $ 870 to $ 970.
2. The BCHUSD rate will remain in flat until the end of the day.
An alternative scenario:
Naturally, the bearish trend for Bitcoin Cash is in force, so the immediate target of the fall of its rate is $ 780. It is possible that today Bitcoin Cash will not fall, so we are still watching the crypto market.
Priority of the day: neutral position on BCHUSD.
Today we take a wait-and-see position because the Bitcoin Cash sales area is $ 970 - $ 930. It's too early to buy Bitcoin Cash. It is necessary to wait for either a trend change or to sell Bitcoin Cash on a trend.
Projected scenarios:
1. The BCHUSD rate will rise from $ 870 to $ 970.
2. The BCHUSD rate will remain in flat until the end of the day.
An alternative scenario:
Naturally, the bearish trend for Bitcoin Cash is in force, so the immediate target of the fall of its rate is $ 780. It is possible that today Bitcoin Cash will not fall, so we are still watching the crypto market.
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