Bitcoin Cash BCH/USD are trading at 397.18 and continue to move as part of the correction and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $7 080 817 212. Moving averages indicate the presence of a short-term downward trend in Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for June 13, 2019, we should expect an attempt to continue the decline and a test of the support level near 380.00. Where can we again expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 465.00.
Bitcoin Cash Forecast and Analysis BCH/USD June 13, 2019
An additional signal in favor of the growth of BCH/USD quotes will be a test of a broken trend line on the relative strength index (RSI). The second signal in favor of raising the BCH/USD quotes will be a rebound from the lower border of the «Triangle» model. Cancellation of the option of growth of the cryptocurrency rate Bitcoin Cash will be a strong fall and a breakdown of the 355.05 area. This will indicate a breakdown of the lower boundary of the Triangle model and the continuation of the fall of the cryptocurrency rate with a potential target below the 295.00 area. With the breakdown of the resistance area and the closure of quotations above the level of 415.00, we can expect the acceleration of the development of the upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD June 13, 2019 imply an attempt to test the support area near the level of 380.00. Where can we expect a rebound and continued growth of BCH/USD in the region above the level of 465.00. An additional signal in favor of raising Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area of 355.05. This will indicate a continued decline in cryptocurrency with a potential target below 295.00.
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