Bitcoin Cash BCH/USD are trading at 431.38 and continue to move as part of the growth and the ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $7 716 671 239. Moving averages indicate the presence of a short-term bullish trend for Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for May 29, 2019, we expect an attempt at a correction and a test of the support level near the 415.00 area. Where can we again expect a rebound and continued growth of Bitcoin Cash digital asset with a potential target above 490.00.
Bitcoin Cash Forecast and Analysis BCH/USD May 29, 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 for the growth of the cryptocurrency rate Bitcoin Cash will be a decline and a breakdown of the area of 390.00. 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 325.00 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 29, 2019 implies an attempt to test the support area near the level of 415.00. Where can we expect a rebound and continued growth of BCH/USD in the region above the level of 490.00. 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 390.00. This will indicate a continued decline in cryptocurrency with a potential target below 325.00.
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