Bitcoin Cash Forecast and Analysis BCH/USD July 24, 2019

Bitcoin Cash BCH/USD are trading at 300.89 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $5 391 308 976. Sliding averages indicate a short-term downward trend in Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for July 24, 2019, we should expect an attempt to continue growth and test the resistance level near the 330.00 area. Where can we expect a rebound again and the continuation of the fall of Bitcoin Cash digital asset with a potential target below the level of 185.00.

Bitcoin Cash Forecast and Analysis BCH/USD July 24, 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 rate of cryptocurrency Bitcoin Cash will be a strong growth and a breakdown of 375.00 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 425.00 area. With the breakdown of the area of ​​support and the closure of quotes below the level of 240.00, we should expect an acceleration of the development of the downward trend in Bitcoin Cash.

Bitcoin Cash Forecast and Analysis BCH/USD July 24, 2019 involves an attempt to test the resistance area near the level of 335.00. Where can we expect a rebound and the continuation of the fall of BCH/USD in the area below the level of 185.00. 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 a strong growth and the breakdown of 375.00 area. This will indicate a continuation of the rise of cryptocurrencies with a potential target above the level of 425.00.

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