Bitcoin Cash BCH/USD traded at 417.78 and continue to move as part of the growth and the beginning of the development of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $7 469 657 502. Moving averages indicate the presence of a short-term bullish trend on Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for July 10, 2019, we should expect an attempt to continue the decline and a test of the support level near the area of 400.05. Where can we again expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 475.05.
Bitcoin Cash Forecast and Analysis BCH/USD July 10, 2019
An additional signal in favor of raising the BCH/USD quotes will be the upward support line test on the relative strength indicator. The second signal in favor of the growth of BCH/USD quotes will be a rebound from the upper limit of the «Triangle» model. Cancellation of the option of growth of the cryptocurrency rate Bitcoin Cash will be the fall and the breakdown of the area of 380.00. This will indicate a breakdown of the lower boundary of the model and the continuation of the fall of the cryptocurrency rate with a potential target below the 320.00 area. With the breakdown of the resistance area and the closure of quotations above the level of 445.00, we can expect an acceleration of the development of the upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD July 10, 2019 imply an attempt to test the support area near the level of 400.05. Where should we expect a rebound and continued growth of BCH/USD in the region above the level of 475.05. An additional signal in favor of raising Bitcoin Cash will be a test of the trend line on the relative strength indicator. Cancellation of growth options will fall and the breakdown of the area 380.00. This will indicate a continued decline in cryptocurrency with a potential target below 320.00.
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