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P_S_trade
May 5, 2021 8:12 AM

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

Bitcoin Cash / U. S. DollarKraken

Description

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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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
Comments
CobraVanguard
exceptional analysis, keep it up
P_S_trade
@T_V_TreeTrader, we will, thanks
comprehensiveB99440
Nice job. Am i a bit late to buy in now?
P_S_trade
@comprehensiveB99440, We expect another wave of decline in the cryptocurrency market. After that, we will see which coins remain strong and then buy.
comprehensiveB99440
@P_S_trade, i will wait for it! Thank you
P_S_trade
Mehran1969
Great job you good
P_S_trade
@Mehran1969 thank you!
Mahtab_Tradia
Splendid chart! thanks for sharing
P_S_trade
@Mahtab_Tradia thanks and good luck!
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