Bitcoin Cash BCH/USD are trading at 280.38 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $5 040 611 345. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for tomorrow, we can expect an attempt to decrease and test the support level near the 275.00 area. Where can we again expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above 325.00.
Bitcoin Cash Forecast and Analysis BCH/USD May 10, 2019
An additional signal in favor of the growth of BCH/USD quotes will be a test of the rising trend line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation option growth rate Bitcoin Cash will fall and a breakdown of 265.00 area. This will indicate a breakdown of the lower boundary of the «Triangle» model and the continuation of the fall of the cryptocurrency rate with a potential target below the 225.00 area. With the breakdown of the upper boundary of the «Triangle» model and the closing of quotes above the level of 305.00, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD May 10, 2019 implies an attempt to test the support area near the level of 275.00. Where can we expect a rebound and continued growth of BCH/USD in the region above the level of 325.00. 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 265.00. This will indicate a continued decline in cryptocurrency with a potential target below the level of 225.00.
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