Trading plan for Bitcoin Cash for June 21, 2022

Cryptocurrency market: Bitcoin Cash - what could a valid breakdown below 95.15 mean?

Relevance up to 13:00 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Exchange Rates 21.06.2022 analysis


Technical outlook:

Bitcoin Cash's price action remains subdued as compared to Bitcoin on Tuesday. The crypto is seen to be trading close to $120.00 at this point in writing and is expected to push through $210.00 in the near term. Bulls might want to hold prices above the $106.00 lows to keep the near-term structure intact.

Bitcoin Cash has been dropping since the $1,650 highs registered in May 2021 and might have carved a meaningful larger degree downswing towards $106.00. Also, note that the crypto has hit the Fibonacci 0.382 extension seen at 120.71 on the chart here. Until prices remain above $106.00, we can expect higher highs and higher lows to be carved.

Bitcoin is facing immediate resistance at $210.00, followed by $380.00, $800.00 and higher; while interim support is seen through the $106.00 level respectively. A break above $210.00 from here will confirm that bulls are back in control and that the potential trend might have reversed. Traders might prepare to hold long positions against $106.00.

Trading plan:

Potential rally towards $210.00 against $106.00

Good luck!


Read more:

Cryptocurrency market: Bitcoin Cash - what could a valid breakdown below 95.15 mean?

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker operating under the brand, regulated by CySec with license number 266/15.

Besides CySEC, Instant Trading EU Ltd. is also supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF). has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds. offers access to around 2,500 instruments (CFDs in Stocks, ETFs, IPOs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks) and the MT4 and MT5 platforms,trading accounts in EUR, USD, PLN, CZK, GBP.

More information at:

Follow on:

Twitter Facebook YouTube


Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.82%. of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.