Bitcoin Cash BCH/USD traded at 417.28 and continue to move within the correction and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $7 437 744 774. Moving averages indicate the presence of a short-term upward trend in Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for June 19, 2019, we should expect an attempt to continue the decline and a test of the support level near the 420.00 area. Where can we again expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 485.00.
Bitcoin Cash Forecast and Analysis BCH/USD June 19, 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 boundary of the rising channel. Cancellation of the option of growth of the cryptocurrency rate Bitcoin Cash will be a strong fall and the breakdown of the area of 385.05. This will indicate the breakdown of the channel boundary and the continuation of the fall of the cryptocurrency rate with a potential target below the 325.00 area. With the breakdown of the resistance area and the closure of quotations above the level of 455.00, we can expect the acceleration of the development of the upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD June 19, 2019 implies an attempt to test the support area near the level of 420.00. Where can we expect a rebound and continued growth of BCH/USD in the region above the level of 485.00. 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 385.05. This will indicate a continued decline in cryptocurrency with a potential target below 325.00.
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