Bitcoin Cash BCH/USD are trading at 121 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $2 199 263 924. 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 125. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a target below 105.
Bitcoin Cash Forecast and Analysis BCH/USD March 5, 2019
The test of the broken trend line on the relative strength index (RSI) will be in favor of the fall in BCH/USD quotes. As well as a rebound from the lower border of the model «Triangle». Cancellation of the Bitcoin Cash depreciation option will be a strong growth and the breakdown of the area 135. This will indicate the breakdown of the resistance area and the continued growth of the cryptocurrency rate with a target above the 155. With the breakdown of the support area and the closing of quotes below 115, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD March 5, 2019 implies an attempt to test the resistance area near the level of 125. Where should we expect a rebound and the continuation of BCH/USD falling to the area below 105. 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 135. This will indicate a continuation of the rise of cryptocurrency with a potential goal above the level of 155.
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