Bitcoin Cash BCH/USD are trading at 304 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 $5 474 318 532. Moving averages indicate the presence of an upward trend in Bitcoin Cash. At the moment, we should expect an attempt to decrease and test the support level near the area of 285. Where 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 9, 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 «Triangle» model. Cancellation of the growth rate option Bitcoin Cash will fall and the breakdown of the area 255. This will indicate the breakdown of the lower boundary of the model and the continuation of the fall of the cryptocurrency exchange rate with a target below the area 195. With the breakdown of the resistance area and the closing of quotes above 345, we should expect confirmation of the upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD April 9, 2019 suggests an attempt to test the support area near the level of 285. 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 of 255. This will indicate a continued decline in cryptocurrency with a potential target below level 195.
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