Bitcoin Cash BCH/USD are trading at 275 and continue to move as part of the correction and formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $4 932 054 998. Sliding 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 265. Where again we should expect a rebound and continued growth of the Bitcoin Cash rate with the goal above the level of 385.
Bitcoin Cash Forecast and Analysis BCH/USD April 25, 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 lower border of the «Triangle» model. Cancellation of the growth rate option Bitcoin Cash will fall and the breakdown of the 245 area. This will indicate the breakdown of the support area and the continuation of the fall of the cryptocurrency rate with a target below the 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 by bitcoin cash.
Bitcoin Cash Forecast and Analysis BCH/USD April 25, 2019 imply an attempt to test the support area near level 265. Where should we expect a rebound and the continuation of BCH/USD falling to an area above 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 245. This will indicate a continued decline in cryptocurrency with a potential goal below level 225.
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