Bitcoin Cash BCH/USD are trading at 341.33 and continue to move as part of the growth. Cryptocurrency capitalization at the time of the publication of the forecast is $6 033 566 883. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. As part of the cryptocurrency rate forecast for August 8, 2019, one should expect an attempt to decrease and test the support level near the 325.00 area. Where again we should expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 390.00.
Bitcoin Cash Forecast and Analysis BCHUSD August 8, 2019
An additional signal in favor of the growth of BCH/USD quotes will be a test of the ascending trend line on the relative strength index (RSI). The second signal in favor of the growth of BCH/USD quotes will be a rebound from the lower border of the rising channel. Cancellation of the option to grow the Bitcoin Cash cryptocurrency rate on August 8, 2019 will be a fall and a breakdown of the area of 315.00. This will indicate a breakdown of the support area and a continued decline in the cryptocurrency rate with a potential target below the area of 275.00. With the breakdown of the upper border of the downward channel and the closing of quotations above the level of 385.00, we should expect confirmation of the development of the upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis on August 8, 2019 implies an attempt to test the support area near the level of 325.00. Where can we expect a rebound and continued growth of BCH/USD to the area above the level of 390.00. An additional signal in favor of the growth of Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the ascent option will be a fall and a breakdown of the area of 315.00. This will indicate a continued decline in cryptocurrency with a potential target below the level of 275.00.
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