The Bitcoin Cash rapid growth has slowed down. BCH is in consolidation almost for a week. And it means that the culmination will be soon.
Priority of the day: buying BCHUSD with a target of $1600.
Bears do not give up, and bulls are still accumulating strength. We have to wait for the best price to enter the purchase of BCHUSD.
Projected scenarios:
1. Flat is expected to remain in place until the end of the day.
2. The BCHUSD growth rate to $ 1600. It is better to wait for purchasing BCH in the $ 1324 level.
Alternative scenario:
Prolonged flat is always a risk of reversal. We do not exclude the scenario of a sharp drop in the rate of Bitcoin Cash to $ 1260, with a subsequent target of $ 1100.
Priority of the day: buying BCHUSD with a target of $1600.
Bears do not give up, and bulls are still accumulating strength. We have to wait for the best price to enter the purchase of BCHUSD.
Projected scenarios:
1. Flat is expected to remain in place until the end of the day.
2. The BCHUSD growth rate to $ 1600. It is better to wait for purchasing BCH in the $ 1324 level.
Alternative scenario:
Prolonged flat is always a risk of reversal. We do not exclude the scenario of a sharp drop in the rate of Bitcoin Cash to $ 1260, with a subsequent target of $ 1100.