Bitcoin Cash Forecast and Analysis BCH/USD February 27, 2019


Bitcoin Cash BCH/USD are trading at 131 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $2 361 031 874. Moving averages indicate a bitcoin cash side trend. At the moment, we should expect an attempt to test the resistance level near the area of ​​135. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a target below the level of 105.

Bitcoin Cash Forecast and Analysis BCH/USD February 27, 2019

In favor of the fall in BCH/USD quotes, a test of a broken trend line on the relative strength index (RSI) will come out. As well as a rebound from the lower boundary of the bullish channel. Cancellation of the option to reduce the rate of Bitcoin Cash will be a strong growth and the breakdown of the area 145. This will indicate a breakdown of the lower boundary of the upward channel and the continued growth of the cryptocurrency rate with a target above the area of ​​165. With the breakdown of the support area and the closing of quotes below 125, we should expect confirmation of the bearish trend Bitcoin Cash.

Bitcoin Cash Forecast and Analysis BCH/USD February 27, 2019

Bitcoin Cash Forecast and Analysis BCH/USD February 27, 2019 imply an attempt to test the resistance area near the level of 135. Where should we expect a rebound and the continuation of BCH/USD falling to the area below 105. An additional signal in favor of reducing Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the area of ​​145. This will indicate a continuation of the rise of cryptocurrency with a potential goal above the level of 165.


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