Bitcoin Cash is ranging in the short term, that's why we have to wait for fresh opportunities. It's located at 242.96 at the time of writing. Bitcoin's sideways movement forced the altcoin to move in range as well.
Bitcoin Cash is down by 0.55% in the last 24 hours and by 3.51% in the last 7 days. BTC/USD's upside continuation should help the altcoin to approach and reach new highs as well.
BCH/USD Undecided!BCH/USD is trapped between 248.77 and 237.31 levels. Only escaping from this minor pattern could bring us new opportunities.
You knew that escaping from the minor flag pattern announced a potential sell-off. Still, the rate failed to take out the former low of 237.31.
BCH/USD Outlook!A bearish closure below 237.31 activates a deeper drop and brings new shorts.
A bullish closure above 248.77 validates further growth.