BCHUSD is growing in price. The analysis of Bitcoin Cash volumes indicates the presence of customers in the $ 1210 - $ 1250 zone. The closest support level of Bitcoin Cash is near the level of $ 1200 and the resistance level is $ 1330.
Priority of the day: buy BCHUSD with a target of $ 1329.
Bitcoin Cash is more likely to continue to grow if Bitcoin is supported by bulls.
Projected scenarios:
1. Buy BCHUSD from $ 1240 to $ 1329.
2. BCHUSD may get in the flat for the rest of the day.
An alternative scenario:
BCHUSD may fall in price from $ 1240 to $ 1200. While the volume of trade is small, it is difficult to assert that there is a stable growing trend.
Priority of the day: buy BCHUSD with a target of $ 1329.
Bitcoin Cash is more likely to continue to grow if Bitcoin is supported by bulls.
Projected scenarios:
1. Buy BCHUSD from $ 1240 to $ 1329.
2. BCHUSD may get in the flat for the rest of the day.
An alternative scenario:
BCHUSD may fall in price from $ 1240 to $ 1200. While the volume of trade is small, it is difficult to assert that there is a stable growing trend.