BCH\USD

Here is a daily chart BCH against USD

In general, BCH looks stronger than the majority of altcoins when after 'death cross' they keep falling already about the month. BCH still holds above the 200-day MA, consolidation looks strong and it is very interesting where is going to go.

RSI holds below the 50th level and MACD holds below the zero on the daily scale.

On the 4 hr scale, the situation is a little bit different. RSI already holds above the 50th level and MACD shows a divergence since the start of the consolidation.

In this case, will be better to make some decisions based on that consolidation because the indicators are too ambiguous.

Market depth has 'Bids' advantage, the tendency is positive so in short-term it's more likely we will see some bulls' strength.

Weekly MDR also doesn't give us any bearish signs, but the 'Bids' advantage is only $1.5 mln, about 5% difference in the balance, so the situation can be changed fast.

Here are order books in numbers:

Conclusions:

If you are bullish

Entry from $280, stop - $245, take - $350

The second option - $355, stop -$334, take $395

If you are bearish

Entry- $280, stop - $305, take $230

The second option - $355, stop - $377, take - $315