Trading plan: BCHUSD (Bitcoin Cash)

17 thg 7, 2018

Current situation:
Bitcoin Cash price moves in the uptrend on the 1-hour chart. Today we expect a slight correction of Bitcoin Cash's rate to support levels, and the continuation of its growth.
Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.
Resistance levels:
$ 898;
$ 840,50.
Support levels:
$ 760,50;
$ 698;
$ 661,5.
Forecast:
The growth of Bitcoin Cash rate from $ 760,50 to $ 840.

17 thg 7, 2018

Ghi chú

Trend analysis: BCH/USD (Bitcoin Cash)
BCH / USD trend remains bearish.

Current situation:
Bitcoin Cash price reached our target at $810 and went into correction. Today we forecast a price correction down to the levels: $780 and $750. After the end of the correction, we forecast an increase in the price of BCH / USD to the range of $840- $863. The scenario will be rendered invalid if the BCH / USD price goes below $720.

Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.

Resistance levels:
1. $810;
2. $840;
3. $863.

Support levels:
1. $780;
2. $750;
3. $ 720;
4. $700;
5. $670;
6. $650.

Forecast:
Bitcoin Cash price growth from levels: $780 and $750. The target is in the $840- $863 zone.