P_S_trade

BCH 1D Previous goal achieved, which scenario is next?

KRAKEN:BCHUSD   Bitcoin Cash / U.S. Dollar
Almost 4 months have passed since the publication of the previous global BCHUSD idea.
It's time to take stock:
First, the price of BCHUSD dropped by -25%, giving a tasty purchase at $380 (the minimum was $370)
And then we had +300% growth when the goal reached $1215
In the end, you can check everything yourself by looking at the idea below.

And although BCH is called the most successful BTC fork, it still lacks the strength and enthusiasm to repeat the achievement of its father.
Since the price of BTCUSD has already tripled the maximum of the end of 2017, and in the meantime, the price of BCHUSDT was able to grow only by 30% from the maximum values ​​of the end of 2017, which were about $4000 on different exchanges.

But as we noted in the previous idea, we think that Bitcoin Cash accumulated for 9 months for a reason last year and this growth is only the first bell.
It may be more fun further)
Although at first, a correction suggests itself - if the price of BCHUSDT is kept in the zone of $800-870, then it will be very tasty for taking a long position with a target for growth to $1700

Write in the comments your opinions, what prospects await BitcoinCash
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