Bitcoin Cash BCH/USD are trading at 294 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 $5 221 467 979. 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 support level near the area of 275. Where once again we should expect a rebound and continued growth of the Bitcoin Cash rate with the goal above the level of 395.
Bitcoin Cash Forecast and Analysis BCH/USD April 23, 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 make a rebound from the lower boundary of the rising channel. Cancellation of the growth rate option Bitcoin Cash will be a fall and a breakdown of area 255. This will indicate a breakdown of the support area and the continuation of the fall of the cryptocurrency rate with a target below area 225. With the breakdown of the upper boundary of the «Triangle» model and the closing of quotes above the level of 335, we should expect confirmation of the upward trend development by bitcoin cash.
Bitcoin Cash Forecast and Analysis BCH/USD April 23, 2019 imply an attempt to test the support area near level 275. Where should we expect a rebound and the continuation of BCH/USD falling into the area above level 395. 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 255. This will indicate a continued decline in cryptocurrency with a potential target below level 225.
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