Bitcoin Cash ends the trading week at 231.69 and continues to move as part of the correction. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, indicating pressure from coin sellers. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to reduce the value of the digital asset and test the support area near the level of 95.05. Where again, a rebound is expected and an attempt to grow Bitcoin Cash with a potential target above the level of 365.05.
Bitcoin Cash Forecast and Analysis April 13 — 17, 2020
An additional signal in favor of lowering BCH/USD quotes in the current trading week April 13 — 17, 2020 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the Bitcoin Cash cryptocurrency growth option will be a fall and a breakdown of the area of 75.05. This will indicate a breakdown of the support area and a continued decline in BCH/USD quotes from the target below the level of 30.05. A confirmation of the growth of the cryptocurrency will be a breakdown of the resistance area and closing of quotations above the level of 285.05.
Bitcoin Cash Forecast and Analysis April 13 — 17, 2020 implies an attempt to test the support area near the level of 95.05. Then continued growth to the area above the level of 365.05. An additional signal in favor of the rise in Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the area of 75.05. This will indicate a continued decline in cryptocurrency with a target below the level of 30.05.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
