The general trend: Bitcoin Cash is witnessing a negative change in the general trend, and turns into a decline in the short term, after a failure to breach the resistance of the $ 500, noting the break of the bullish channel, in addition to trading the lowest moving averages ( 200 - 100), in an affirmative indication of the fact that the bullish trend has changed, and that it is not just an imaginary fracture or a corrective movement, especially with the re-testing of the bullish price channel, and bitcoin cash failure to stabilize above, so it is expected that bitcoin cash will continue to decline targeting levels The 290 dollars, in the short term.
As for the alternative scenario: In the case of high price and stability above the resistance of 450 dollars, we will witness a positive change in the general trend in a new attempt to breach the resistance of 500 dollars, although the scenario of the rise at the moment, is the least Likely.
Expected general trend: bullish
Estimated traffic range: 380 to 290
