Bitcoin Cash BCH/USD are trading at 130 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $2 373 655 184. Moving averages indicate a downward trend in Bitcoin Cash. 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 115.
Bitcoin Cash Forecast and Analysis BCH/USD February 28, 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 upper limit of the model «Triangle». 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 downward trend Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD February 28, 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 115. 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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