Bitcoin Cash BCH/USD are trading at 118 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $2 139 235 877. Sliding averages indicate the presence of a downward trend in Bitcoin Cash. At the moment, we can expect an attempt to test the support level near the area of 115. Where again we should expect a rebound and continued growth of the Bitcoin Cash rate with a target above the level of 140.
Bitcoin Cash Forecast and Analysis BCH/USD February 13, 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. As well as a rebound from the lower boundary of the rising channel. Cancellation of the growth rate option Bitcoin Cash will be a fall and a breakdown of the 110 area. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of the cryptocurrency rate with a target below area 95. With the breakdown of the resistance area and the closing of quotes above 130, we should expect confirmation of the upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD February 13, 2019 suggests an attempt to test the support area near the level of 115. Where should we expect a rebound and continued growth of BCH/USD to an area above the level of 140. 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 110. This will indicate a continued decline in cryptocurrency with a potential target below level 95.
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