Bitcoin Cash BCH/USD are trading at 329.01 and continue to move as part of the growth and the beginning of the development of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $5 866 607 499. Moving averages indicate the presence of a short-term bullish trend on Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for August 1, 2019, we should expect an attempt to continue the decline and a test of the support level near the 315.00 area. Where can we again expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 395.00.
Bitcoin Cash Forecast and Analysis BCH/USD August 1, 2019
An additional signal in favor of the growth of BCH/USD quotes will be the test of the upward support line on the relative strength indicator. The second signal in favor of the growth of BCH/USD quotes will be a rebound from the upper limit of the «Triangle» model. Cancellation of the option of growth of the cryptocurrency rate Bitcoin Cash will fall and the breakdown of the area of 280.00. This will indicate a breakdown of the support area and the continuation of the fall of the cryptocurrency rate with a potential target below the 245.00 area. With the breakdown of the resistance area and the closure of quotations above the level of 345.00, we can expect the acceleration of the development of the upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD August 1, 2019 imply an attempt to test the support area near the level of 315.00. Where can we expect a rebound and continued growth of BCH/USD in the region above the level of 395.00. An additional signal in favor of the growth of Bitcoin Cash will be the test of the trend line on the relative strength indicator. Cancellation option lift will fall and the breakdown of the area 280.00. This will indicate a continued decline in cryptocurrency with a potential target below the level of 245.00.
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