The BCHUSD rate continues to decline.
Priority of the day: sell BCHUSD with the target of $ 600.
Buyers leave the crypto market, and its capitalization is decreasing. The Bitcoin Cash rate continues to move along a bearish trend.
A reversal to buy Bitcoin Cash is possible near the level of $ 940.
While the bears rule the market, we plan to sell Bitcoin Cash near the zone: $ 800 - $ 750.
Projected scenarios:
1. The BCHUSD rate will decrease from $ 680 to $ 600.
2. The BCHUSD rate will take a lateral movement.
Alternative scenario:
While there is no initiative of Bitcoin Cash buyers, still there is a possibility of its appearance. Therefore, a spare plan is the growth of the Bitcoin Cash rate to $ 800, and then to $ 940.
Priority of the day: sell BCHUSD with the target of $ 600.
Buyers leave the crypto market, and its capitalization is decreasing. The Bitcoin Cash rate continues to move along a bearish trend.
A reversal to buy Bitcoin Cash is possible near the level of $ 940.
While the bears rule the market, we plan to sell Bitcoin Cash near the zone: $ 800 - $ 750.
Projected scenarios:
1. The BCHUSD rate will decrease from $ 680 to $ 600.
2. The BCHUSD rate will take a lateral movement.
Alternative scenario:
While there is no initiative of Bitcoin Cash buyers, still there is a possibility of its appearance. Therefore, a spare plan is the growth of the Bitcoin Cash rate to $ 800, and then to $ 940.