Bitcoin Cash BCH/USD are trading at 385.38 and continue to move as part of the growth and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $6 816 723 093. Moving averages indicate the presence of a short-term upward trend in Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for May 16, 2019, we should expect an attempt to decrease and test the support level near the 345.00 area. Where can we again expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 465.00.
Bitcoin Cash Forecast and Analysis BCH/USD May 16, 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 in favor of raising the BCH/USD quotes will be a rebound from the lower boundary of the rising channel. Cancellation option growth rate Bitcoin Cash will fall and a breakdown of 305.00 area. This will indicate the breakdown of the lower boundary of the channel and the continuation of the fall of the cryptocurrency rate with a potential target below the 245.00 area. With the breakdown of the resistance area and the closure of quotes above the level of 425.00, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD May 16, 2019 implies an attempt to test the support area near the level of 345.00. Where can we expect a rebound and continued growth of BCH/USD in the region above the level of 465.00. 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 growth options will fall and the breakdown of the 305.00 area. This will indicate a continued decline in cryptocurrency with a potential target below the level of 245.00.
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