Bitcoin Cash BCH/USD are trading at 328.22 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $5 924 320 472. Moving averages indicate the presence of a short-term downward trend in Bitcoin Cash. As part of the cryptocurrency rate forecast for August 13, 2019, one should expect an attempt to correct and test the resistance level near the area of 345.00. Where again we should expect a rebound and continued fall of the digital asset Bitcoin Cash with a potential target below the level of 220.00.
Bitcoin Cash Forecast and Analysis BCHUSD August 13, 2019
An additional signal in favor of reducing BCH/USD quotes will be a test of a downward trend line on the relative strength index (RSI). The second signal in favor of falling BCH/USD quotes will be a rebound from the upper boundary of the «Triangle» model. Cancellation of the option to drop the Bitcoin Cash cryptocurrency rate on August 8, 2019 will be a strong growth and a breakdown of the area of 395.00. This will indicate a breakdown of the resistance area and continued growth of the cryptocurrency rate with a potential target above the area of 445.00. With the breakdown of the support area and closing of quotes below the level of 290.00, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCHUSD August 13, 2019 suggests an attempt to test the resistance area near the level of 345.00. Where can we expect a rebound and the continuation of the fall of BCH/USD to the area below 220.00. An additional signal in favor of the fall of Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the reduction option will be a strong growth and the breakdown of the area of 395.00. This will indicate a continued rise in the cryptocurrency with a potential target above the level of 445.00.
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