Bitcoin Cash BCH/USD are trading at 433.69 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 $7 720 345 744. Moving averages indicate the presence of a short-term upward trend in Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for May 28, 2019, we expect an attempt at a correction and a test of the support level near the 410.00 area. Where can we expect a rebound again and the continued growth of the digital asset Bitcoin Cash with a potential target above 495.00.
Bitcoin Cash Forecast and Analysis BCH/USD May 28, 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 border of the «Triangle» model. Cancellation option for the growth rate of the cryptocurrency Bitcoin Cash will be the decline and breakdown of the area of 365.00. 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 305.00 area. With the breakdown of the resistance area and closing of quotes above the level of 455.00, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD May 28, 2019 implies an attempt to test the support area near the level of 410.00. Where can we expect a rebound and continued growth of BCH/USD in the region above the level of 495.00. 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 of 365.00. This will indicate a continued decline in cryptocurrency with a potential target below the level of 305.00.
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