Trading plan: BCHUSD (Bitcoin Cash)
The rate of BCHUSD has grown rapidly. It seems that the bulls took the initiative in their own hands.
The volumes for Bitcoin Cash purchases are sufficient to confirm the appearance of large buyers.
Priority of the day: buy BCHUSD with a target of $ 1050.
As always, we will not rush, but look for the best entry point to buy Bitcoin Cash after a rollback down to the zone: $ 940 - $ 920.
Projected scenarios:
1. Buy BCHUSD from $ 940 to $ 1050.
2. The BCHUSD rate can stay in flat until the end of the day.
An alternative scenario:
The BCHUSD rate may fall from $ 1000 to $ 860. The struggle is not over yet, and the bears can seize the initiative from the bulls. We can consider a short position on Bitcoin Cash when there are large volumes for its sale.
The volumes for Bitcoin Cash purchases are sufficient to confirm the appearance of large buyers.
Priority of the day: buy BCHUSD with a target of $ 1050.
As always, we will not rush, but look for the best entry point to buy Bitcoin Cash after a rollback down to the zone: $ 940 - $ 920.
Projected scenarios:
1. Buy BCHUSD from $ 940 to $ 1050.
2. The BCHUSD rate can stay in flat until the end of the day.
An alternative scenario:
The BCHUSD rate may fall from $ 1000 to $ 860. The struggle is not over yet, and the bears can seize the initiative from the bulls. We can consider a short position on Bitcoin Cash when there are large volumes for its sale.
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