Bitcoin Cash BCH/USD are trading at 127 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $2 309 211 145. Moving averages indicate the presence of a bullish trend in Bitcoin Cash. At the moment, we can expect an attempt to test the support level near the area of 125. Where again we should expect a rebound and continued growth of the Bitcoin Cash rate with a target above 170.
Bitcoin Cash Forecast and Analysis BCH/USD March 12, 2019
In favor of lifting the BCH/USD quotes, a test of the rising trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth rate option Bitcoin Cash will fall and the breakdown of the area 115. This will indicate a breakdown of the support area and the continuation of the fall of the cryptocurrency rate with a target below 100. With the breakdown of the resistance area and the closing of quotes above 135, we should expect confirmation of the development of the upward trend of Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD March 12, 2019 implies an attempt to test the support area near the level of 125. Where should we expect a rebound and continued growth of BCH/USD to the area above the level of 170. 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 115. This will indicate a continued decline in cryptocurrency with a potential goal below the level of 100.
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