Bitcoin Cash BCH/USD are trading at 386.58 and continue to move as part of the fall. Cryptocurrency capitalization at the time of the publication of the forecast is $6 933 346 984. Moving averages indicate the presence of a short-term bullish trend on Bitcoin Cash. However, prices broke through the sliding area, which indicates strong pressure from sellers. As part of the cryptocurrency exchange rate forecast for July 11, 2019, we should expect an attempt to continue the decline and a test of the support level near the area of 375.00. Where can we again expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 465.05.
Bitcoin Cash Forecast and Analysis BCH/USD July 11, 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 support line on the price chart. Cancellation of the variant of the growth of the cryptocurrency rate Bitcoin Cash will be the fall and the breakdown of the area of 345.00. This will indicate a breakdown of the support area, the continuation of the fall of the cryptocurrency rate with a potential target below the 305.00 area. With the breakdown of the resistance area and the closure of quotations above the level of 425.00, we can expect the acceleration of the development of the upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD July 11, 2019 imply an attempt to test the support area near the level of 375.00. Where can we expect a rebound and continued growth of BCH/USD in the region above the level of 465.05. An additional signal in favor of raising Bitcoin Cash will be a test of the trend line on the relative strength indicator. Cancellation of the growth option will be the fall and the breakdown of the area of 345.00. This will indicate a continued decline in cryptocurrency with a potential target below the level of 305.00.