Bitcoin Cash BCH/USD are trading at 155 and continue to move as part of the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $2 842 368 505. Sliding averages indicate the presence of a bullish trend in Bitcoin Cash. At the moment, we should expect an attempt to decrease and test the level of support near the region of 150. Where again we should expect a rebound and continued growth of the Bitcoin Cash rate with a target above 180.
Bitcoin Cash Forecast and Analysis BCH/USD March 22, 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 of Bitcoin Cash will be a fall and a breakdown of the area 145. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of the cryptocurrency exchange rate with a target below 120. With the breakdown of the upper limit of the «Triangle» model and the closing of quotations above 165, we should expect confirmation of the ascending trends on bitcoin cash.
Bitcoin Cash Forecast and Analysis BCH/USD March 22, 2019 suggests an attempt to test the support area near the level of 150. Where should we expect a rebound and continued growth of BCH/USD to an area above the level of 180. 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 145. This will indicate a continued decline in cryptocurrency with a potential goal below level 120.
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