Bitcoin Cash BCH/USD are trading at 129 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $2 337 728 811. Moving averages indicate the presence of an upward trend in Bitcoin Cash. At the moment, we can expect an attempt to test the support level near the area of 128. Where again we should expect a rebound and continued growth of the Bitcoin Cash rate with a target above the level of 140.
Bitcoin Cash Forecast and Analysis BCH/USD March 8, 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 model «Triangle». Cancellation of the growth rate option Bitcoin Cash will be a fall and a breakdown of area 125. This will indicate a breakdown of the support area and the continuation of the fall of the cryptocurrency rate with a target below area 110. With the breakdown of the upper boundary of the Triangle model and the closing of quotations above 135, we should expect confirmation of the upward trend development by bitcoin cash.
Bitcoin Cash Forecast and Analysis BCH/USD March 8, 2019 suggests an attempt to test the support area near the level of 128. Where should we expect a rebound and continued growth of BCH/USD to the area above the level of 140. 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 125. This will indicate a continued decline in cryptocurrency with a potential target below the level of 110.
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