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 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.