Bitcoin Cash BCH/USD are trading at 246 and continue to move as part of a decline and a downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $4 332 046 069. Moving averages indicate a bearish trend in Bitcoin Cash. At the moment, we should expect an attempt to grow and test the resistance level near the area of 265. Where once again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a target below 210.
Bitcoin Cash Forecast and Analysis BCH/USD April 30, 2019
In favor of reducing the BCH/USD quotes, a test of the downward trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the option of falling Bitcoin Cash will be a strong growth and a breakdown of the 295 area. This will indicate the breakdown of the resistance area and the continued growth of the cryptocurrency rate with a target above area 345. With the breakdown of the support area and closing of quotes below 230, one should expect confirmation of the development of the downward trend on Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD April 30, 2019 suggests an attempt to test the resistance area near the level of 265. Where should we expect a rebound and the continuation of the fall of BCH/USD to the area below the level of 210. An additional signal in favor of reducing Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the area of 295. This will indicate a continuation of the rise of cryptocurrency with a potential goal above the level of 345.
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