Hey, traders here we are on the bitcoin cash dollar (BCHUSD)
So after we’re looking at the daily time frame we realized that we just broke downs on the daily chart and also we have the main trend is down
So we’re definitely in down trend
The price could have bounced back from the strong 318.22 and 319.65 area and made prices change direction upwards, but the price penetration of this area made the trend still in the downward trend.
So, What we can do now is waiting for any short reason entry