Bitcoin Cash BCH/USD are traded at 142 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $2 594 155 825. Moving 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 130. Where again we should expect a rebound and continued growth of the Bitcoin Cash rate with a target above the level of 170.
Bitcoin Cash Forecast and Analysis BCH/USD February 21, 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 of Bitcoin Cash will be a fall and a breakdown of area 120. This will indicate a breakdown of the lower boundary of the ascending channel and the continuation of the fall of the cryptocurrency exchange rate with a target below area 105. With the breakdown of the area of resistance and closing of quotes above the level of 150, we should expect confirmation of the upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD February 21, 2019 imply an attempt to test the support area near the 130 level. Where should we expect a rebound and continued growth of BCH/USD to an area above the level of 170. An additional signal in favor of raising Bitcoin Cash will be a test of the trend line on the indicator relative strength. Cancellation of the growth option will be the fall and the breakdown of the area 120. This will indicate a continued decline in cryptocurrency with a potential goal below 105.