We have really hit our targets. We actually had to target last week and we've already hit it over here at zero and zero. Two three five: yes yeah! This was a video. Last week on our 22nd of June. We got a target fresh out of the oven and high five. We really hit the targets. So there you go I'm. Just gon na draw a red line over here, let's just let's, just okay let's! Do it properly let's make it premium proper, so yeah. If you target of last week and then we've actually got another target as well, one target hit one more to go at a zero point. Zero. Two two: three five, four so from the current price levels to the target is another 8 you're expecting Bitcoin cash to still drop another eight percent. However, however, yeah do take note that there is already a double bullish, divergence all right. This is already a lower low on the price spice' higher low on a magdi higher low on the RSI, so which means that potentially potentially we may not even hit a today's target, we may just start reversing back up so yeah. Of course, we may still hit target. We may form a triple triple, kill a triple bullish, divergence and then BAM. We could be on our way towards the upside, so yeah feels like. Potentially, we either way yeah think so see you move on either way, but we prefer it if it hits a target number Treves before making any reversal back towards the upside right.
Now, if you select, if you look at this, is a very big big red candlestick that has pushed the price. Sorry pull the price level, and so I think this is more likely going to end up to be a continuation rather than a reversal, because I still don't see any reversals coming in for Bitcoin cash against BTC yeah. I think, eventually, of course, between cash very likely recover it's just that it is final time I don't see it happening not yet you'd be kind drops, because cash it's gon na drop even further, so be very careful about putting in a tray too soon all right. Let'S move on to become cash against USC, but before that, please give this video a like you've enjoyed it subscribe to the channel, and let me know what you think: what we can cash in the comments below so for Bitcoin cash against USD same thing is happening. Wait hang on let's check out last week's comments. First, diddy backwards, say question: if we made a mistake and but when it was high, then it dropped low and there is a high probability of it dropping even lower. So you must set your stop losses right. You wouldn't appreciate 5 loss until you're down 50. You will appreciate 7 loss until you're down 70 you'd be like I should have saw anyone 77. I had an opportunity to sell, but I didn't and so now in 70. Anyway, would you leave your cash there longer and wait for it to come out again, or would you try to get out before you lost more all right? It depends, though, if I see a higher quality Tibetan higher quality bearish, a pattern that points towards the downside, I'll get f out of whatever it is.
That is that I have ready, went in yeah because very likely it is going to drop even further. However, depending on the situation, though, if there's an opportunity to get out it BS already that comes in, and I feel that this coin is not gon na make it, I will be selling off rarely so it all depends. Yeah all depends there's no fixed answer to this depends upon the situation and it depends on the fundamentals. It depends on the technicals, so yeah there you go let's, move on to because cash against use easier, so for beacon cash liens. You see that's a mountain range over here. Mountain mountain mountain mountain we've been talking about this mountain range for so many weeks, we'll be talking about it. So, finally, it has already broken the neckline. I think the top would actually we will be dropping towards 175 dollars round right number 175 dollars what a beautiful number yeah. So it feels to me like, potentially when cash is going to drop to 175 dollars, so which means that we have two targets: one for beacon: cash against VDC, one for Bitcoin cash against USD so potentially potentially yeah. This is another 22 more to go, which means that um you're expecting be kind to drop like sixteen percent. Sixteen seventeen percent yeah so, which means that there is still a lot more to go for Bitcoin and Bitcoin cash yeah. I think sometime things are looking pretty bearish, no you're, not we are not oversold yet, which means which means that we could still drop very, very long right just by looking at the stock stochastic.
We are not particularly over so on the RSI so I'm, not particularly over so we're still in the purple area, so we might see volatility written next month in the month of July, but yeah I'm, hoping that we will see volatility because as traders, our lifeblood is Volatility, so if there's zero volatility, that would mean that there is zero chance to profit to make profit yeah it's, just no potential for us, so we're just got ta be patient. We can wait for the volatility to return, hopefully returns sooner rather than later. Alright, I guess I see from my own Bitcoin cash technical analysis. Thank you very much for watching. I hope you enjoyed it.