Bitcoin Cash BCH/USD are trading at 293.41 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $5 144 706 032. Moving averages indicate a short-term bearish trend in Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for July 19, 2019, we should expect an attempt to continue growth and test the resistance level near the 345.00 area. Where can we again expect a rebound and the continuation of the fall of the digital asset Bitcoin Cash with a potential target below the level of 180.00.
Bitcoin Cash Forecast and Analysis BCH/USD July 19, 2019
An additional signal in favor of a fall in BCH/USD quotes will be the test of the downward resistance line on the relative strength indicator. The second signal in favor of lowering BCH/USD quotes will be a rebound from the upper limit of the downward channel. Cancellation of the option of a fall in the Bitcoin Cash cryptocurrency rate will be a strong growth and a breakdown of the 405.00 area. This will indicate a breakdown of the resistance area and the continuation of the growth of the cryptocurrency rate with a potential target above the 465.00 area. With the breakdown of the area of support and closing of quotes below the level of 245.00, we can expect an acceleration of the development of the downward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD July 19, 2019 involves an attempt to test the resistance area near the level of 345.00. Where can we expect a rebound and the continuation of the fall of BCH/USD in the region below the level of 180.00. An additional signal in favor of reducing Bitcoin Cash is a test of the trend line on the relative strength indicator. Cancellation of the fall option will be strong growth and a breakdown of 405.00 area. This will indicate a continuation of the rise of cryptocurrencies with a potential target above the level of 465.00.
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