After a prolonged growth, BCH began correction today.
Priority of the day: buying BCHUSD with a target of $1440.5.
The Elliott Wave Oscillator indicator shows a value below zero. This means that the BCH correction is deep.
Projected scenarios:
1. We will wait for the end of the rollback of the Bitcoin Cash price to the purchase zone: $1255 - $1134. After a pause and the emergence of the initiative of buyers in this zone, we will look for an entry point near the level of $1226.
2. A more prolonged BCH correction may interfere with our plan. If the price of Bitcoin Cash confidently passes the zone of purchases from the top down, we will not enter buying.
Alternative scenario:
Sales will only be considered tomorrow if the close price of Bitcoin Cash will be in the red zone today.
Priority of the day: buying BCHUSD with a target of $1440.5.
The Elliott Wave Oscillator indicator shows a value below zero. This means that the BCH correction is deep.
Projected scenarios:
1. We will wait for the end of the rollback of the Bitcoin Cash price to the purchase zone: $1255 - $1134. After a pause and the emergence of the initiative of buyers in this zone, we will look for an entry point near the level of $1226.
2. A more prolonged BCH correction may interfere with our plan. If the price of Bitcoin Cash confidently passes the zone of purchases from the top down, we will not enter buying.
Alternative scenario:
Sales will only be considered tomorrow if the close price of Bitcoin Cash will be in the red zone today.