Bitcoin Cash BCH/USD are trading at 431.78 and continue to move as part of the fall and the upward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $7 684 526 389. Moving averages indicate the presence of a short-term upward trend in Bitcoin Cash. The price is currently testing the area between the moving averages, which acts as a signal in favor of a likely rebound and a continuation of the rise. As part of the cryptocurrency exchange rate forecast for June 28, 2019, we should expect an attempt to continue falling and a test of the support level near the area of 405.00. Where can we expect a rebound again and the continued growth of the digital asset Bitcoin Cash with a potential target above the level of 535.00.
Bitcoin Cash Forecast and Analysis BCH/USD June 28, 2019
An additional signal in favor of the growth of BCH/USD quotes will be a test of the rising 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 a breakdown of the 355.05 area. This will indicate the breakdown of the channel boundary and the continuation of the fall of the cryptocurrency exchange rate with a potential target below the 305.00 area. With the breakdown of the resistance area and the closure of quotes above the level of 485.00, we can expect the acceleration of the development of the upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD June 28, 2019 imply an attempt to test the support area near the level of 405.00. Where should we expect a rebound and continued growth of BCH/USD in the region above the level of 535.00. 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 the level of 305.00.
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