Here is my Bitcoin Cash Price Alert for 2 Days!

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN CASH - BCH/USDT as long as the price remains well below 423.32 USDT. The sellers” bearish objective is set at 389.00 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 367.70 USDT. In case of crossing, the next objective would be the support located at 332.53 USDT.

However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

#BCHUSDT

SELL Start: 389

Stop Loss: 425

Take Profit: 336

Duration: up to 48 hours

Technical analysis of this 1H chart of BITCOIN CASH - BCH/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages.

Enjoy trading!