Bitcoin Cash BCH/USD are trading at 294 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $5 214 213 207. Sliding averages indicate the presence of a bullish trend in Bitcoin Cash. At the moment, we should expect an attempt to reduce and test the support level near the area of 255. 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 5, 2019
In favor of lifting the BCH/USD quotes, a test of the rising trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth rate option Bitcoin Cash will fall and the breakdown of area 225. This will indicate the breakdown of the lower boundary of the channel and the continuation of the fall of the cryptocurrency exchange rate with a target below area 165. With the breakdown of the resistance area and the closing of quotes above 345, we should expect confirmation of the upward trend development in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD April 5, 2019 imply an attempt to test the support area near the level of 255. Where should we expect a rebound and continued growth of BCH/USD to the area above the level of 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 225. This will indicate a continued decline in cryptocurrency with a potential target below the level 165.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
