BCHUSD bounced downwards the level of $ 1,500 and is rapidly falling in price.
Priority of the day: sell BCHUSD with the target of $ 1200.
Bitcoin Cash works out well support and resistance levels. We expect to see today Bitcoin Cash near $ 1,300 - $ 1,200.
Projected scenarios:
1. Sell BCHUSD from $ 1400 to $ 1200.
2. BCHUSD is quite likely to stuck in the flat until the end of the day.
An alternative scenario:
BCHUSD can bounce upwards from the $ 1300 level and go to $ 1500. This scenario cannot be excluded from the trading plan.
Priority of the day: sell BCHUSD with the target of $ 1200.
Bitcoin Cash works out well support and resistance levels. We expect to see today Bitcoin Cash near $ 1,300 - $ 1,200.
Projected scenarios:
1. Sell BCHUSD from $ 1400 to $ 1200.
2. BCHUSD is quite likely to stuck in the flat until the end of the day.
An alternative scenario:
BCHUSD can bounce upwards from the $ 1300 level and go to $ 1500. This scenario cannot be excluded from the trading plan.