Bitcoin Cash BCH/USD are trading at 402.18 and continue to move as part of the growth and ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $7 180 394 097. Moving averages indicate the presence of a short-term upward trend in Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for May 21, 2019, we should expect an attempt to decrease and test the support level near the area of 385.00. Where can we again expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 485.00.
Bitcoin Cash Forecast and Analysis BCH/USD May 21, 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 of the option of the growth of the cryptocurrency rate Bitcoin Cash will be the decline and breakdown of the 340.00 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 295.00 area. With the breakdown of the resistance area and the closure of quotes above the level of 445.00, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD May 21, 2019 implies an attempt to test the support area near the level of 385.00. Where can we expect a rebound and continued growth of BCH/USD in the region above the level of 485.00. 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 340.00 area. This will indicate a continued decline in cryptocurrency with a potential target below 295.00.
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