BCHUSD quickly fell in price. Buyers of Bitcoin Cash supported it near the level of $ 1000. But, the volume for the purchase of BCHUSD is small, so we expect the continuation of the fall of its rate.
Priority of the day: sell BCHUSD with the target of $ 950.
Bitcoin Cash may take a lateral move in the $ 1050- $ 1000 zone.
Projected scenarios:
1. Sell BCHUSD from $ 1125 to $ 950.
2. After such a strong fall in the rate of Bitcoin Cash, flat is possible today.
An alternative scenario:
The BCHUSD rate can be re-supported by buyers around $ 1000. If there are large volumes to buy Bitcoin Cash near this level, then we will side with the bulls.
Priority of the day: sell BCHUSD with the target of $ 950.
Bitcoin Cash may take a lateral move in the $ 1050- $ 1000 zone.
Projected scenarios:
1. Sell BCHUSD from $ 1125 to $ 950.
2. After such a strong fall in the rate of Bitcoin Cash, flat is possible today.
An alternative scenario:
The BCHUSD rate can be re-supported by buyers around $ 1000. If there are large volumes to buy Bitcoin Cash near this level, then we will side with the bulls.