Bitcoin Cash BCH/USD are trading at 274 and continue to move as part of the decline and start of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $4 843 362 536. Moving averages indicate the presence of an upward trend in Bitcoin Cash. At the moment, we should expect an attempt to raise and test the resistance level near the area of 290. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with the goal below 235.
Bitcoin Cash Forecast and Analysis BCH/USD April 12, 2019
In favor of the fall in BCH/USD quotes, a test of a broken trend line on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the option of falling Bitcoin Cash will be a strong growth and a breakdown of the 315 area. This will indicate a breakdown of the resistance area and the continued growth of the cryptocurrency rate with a target above the 370 area. Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD April 12, 2019 suggests an attempt to test the resistance area near the level of 290. Where should we expect a rebound and the continuation of BCH/USD falling to below 235. An additional signal in favor of Bitcoin Cash is a test of the trend line relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the area of 315. This will indicate continued growth of cryptocurrency with a potential target above the level of 370.
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