BCHUSD is coming back after the attempt to resume the growth.
Since last review Bitcoin Cash seemed to follow its elder brother Bitcoin and to go up. However, now it has been returning to the starting point. If this is only a correction to growth that has started, the decline will end today or tomorrow.
But still, concerning the signals to sell from medium-term trend indicators, return to starting point of growth and formation of so called bearish takeover are more likely. With further resume of medium-term downward trend. And it seems to us that even its transformation into long-term downward. If this is a correction after all, in coming days we will see Bitcoin Cash above $ 800 again. And then we will consider the opportunity of reviewing medium-term opinion from downward into neutral, for a start.
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But still, concerning the signals to sell from medium-term trend indicators, return to starting point of growth and formation of so called bearish takeover are more likely. With further resume of medium-term downward trend. And it seems to us that even its transformation into long-term downward. If this is a correction after all, in coming days we will see Bitcoin Cash above $ 800 again. And then we will consider the opportunity of reviewing medium-term opinion from downward into neutral, for a start.
Follow our reviews!
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