Bitcoin Cash Forecast and Analysis BCH/USD March 1, 2019


Bitcoin Cash BCH/USD are trading at 130 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $2 353 626 471. Moving averages indicate a bearish trend in Bitcoin Cash. At the moment, we can expect an attempt to test the resistance level near the area of ​​135. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a goal below 110.

Bitcoin Cash Forecast and Analysis BCH/USD March 1, 2019

In favor of the fall in BCH/USD quotes, a test of a broken trend line on the relative strength index (RSI) will come out. As well as a rebound from the lower boundary of the rising channel. Cancellation of the option to reduce the rate of Bitcoin Cash will be a strong growth and a breakdown of the 145. This will indicate a breakdown of the lower boundary of the upward channel and continued growth of the cryptocurrency rate with a target above the area of ​​165. With the breakdown of the support area and the closing of quotes below 120, we should expect confirmation of the downward trend Bitcoin Cash.

Bitcoin Cash Forecast and Analysis BCH/USD March 1, 2019

Bitcoin Cash Forecast and Analysis BCH/USD March 1, 2019 suggests an attempt to test the resistance area near the level of 135. Where should we expect a rebound and the continuation of BCH/USD falling to the area below 110. An additional signal in favor of reducing Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the area of ​​145. This will indicate a continuation of the rise of cryptocurrency with a potential target above the level of 165.


Join our Telegram Channel

Post Comment