Bitcoin Cash BCH/USD are trading at 303.07 and continue to move as part of the fall. The cryptocurrency capitalization at the time of the publication of the forecast is $5 473 910 385. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. As part of the cryptocurrency rate forecast for August 23, 2019, one should expect an attempt to grow and test the resistance level near the area of 335.00. Where again we should expect a rebound and continued fall of the digital asset Bitcoin Cash with a potential target below the level of 205.00.
Bitcoin Cash Forecast and Analysis BCHUSD August 23, 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 border of the downward channel. Cancellation of the option to drop the Bitcoin Cash cryptocurrency rate on August 23, 2019 will be a strong growth and a breakdown of the 360.00 area. This will indicate a breakdown of the resistance area and continued growth of the cryptocurrency rate with a potential target above the area of 410.00. With the breakdown of the support area and closing of quotes below the level of 270.00, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCHUSD August 23, 2019 implies an attempt to test the resistance area near the level of 335.00. Where can we expect a rebound and the continuation of the fall of BCH/USD to the area below the level of 205.00. 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 360.00 area. This will indicate a continued rise in the cryptocurrency with a potential target above the level of 410.00.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
