Bitcoin Cash BCH/USD are trading at 297 and continue to move as part of the growth and downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $5 368 334 570. 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 support level near the area of 280. Where again we should expect a rebound and continued growth of the Bitcoin Cash rate with a target below the level of 365.
Bitcoin Cash Forecast and Analysis BCH/USD April 16, 2019
In favor of the growth of quotations BCH/USD will test the rising trend line on the indicator of relative strength index (RSI). The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the growth rate option Bitcoin Cash will be a fall and a breakdown of the 250 area. This will indicate a breakdown of the support area and the continuation of the fall of the cryptocurrency rate with a target below area 205. With the breakdown of the upper limit of the downward channel and closing of quotes above 325, you should expect confirmation of the development of the upward Bitcoin trend Cash.
Bitcoin Cash Forecast and Analysis BCH/USD April 16, 2019 suggests an attempt to test the support area near the level of 280. Where should we expect a rebound and the continuation of the fall of BCH/USD to the area above 365. 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 a fall and a breakdown of the area of 250. This will indicate a continued decline in cryptocurrency with a potential target below level 205.
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