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!
