Bitcoin Cash BCH/USD are trading at 303 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $5 382 705 532. Moving averages indicate the presence of an upward trend in Bitcoin Cash. At the moment, we should expect an attempt to reduce and test the level of support near the 295 area. Where once again we should expect a rebound and continued growth of the Bitcoin Cash rate with a target above 385.
Bitcoin Cash Forecast and Analysis BCH/USD April 11, 2019
In favor of lifting the BCH/USD quotes, a test of the rising trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the Triangle model. Cancellation of the growth rate option Bitcoin Cash will be a fall and a breakdown of area 265. This will indicate a breakdown of the lower border of the model and the continuation of the fall of the cryptocurrency exchange rate with a target below area 205. With the breakdown of the upper boundary of the «Triangle» model and the closing of quotes above the level of 340, we should expect confirmation of an upward development trends on bitcoin cash.
Bitcoin Cash Forecast and Analysis BCH/USD April 11, 2019 implies an attempt to test the support area near the level of 295. Where should we expect a rebound and continued growth of BCH/USD to the area above the level of 385. An additional signal in favor of raising Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area of 265. This will indicate a continued decline in cryptocurrency with a potential target below level 205.
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