Bitcoin Cash BCH/USD are trading at 271 and continue to move within the correction and channel. Cryptocurrency capitalization at the time of the publication of the forecast is $4 931 713 652. Sliding averages indicate the presence of a short-term downward trend in Bitcoin Cash. As part of the cryptocurrency exchange rate forecast, we should expect an attempt to fall and a test of the support level near area 255. Where again we should expect a rebound and continued growth of the Bitcoin Cash rate with a potential target above the level of 295.
Bitcoin Cash Forecast and Analysis BCH/USD May 3, 2019
A test of a broken trend line on the relative strength index (RSI) will be in favor of BCH/USD quotes growth. The second signal will be a rebound from the support level. Cancellation of the growth rate option Bitcoin Cash will be a fall and a breakdown of the 230 area. This will indicate a breakdown of the support level and a continuation of the fall of the cryptocurrency rate with a target below area 205. With the breakdown of the upper limit of the downward channel and the closing of quotes above the level of 315, we should expect confirmation of the development of the upward Bitcoin trend Cash.
Bitcoin Cash Forecast and Analysis BCH/USD May 3, 2019 suggests an attempt to test the support area near the level of 255. Where should we expect a rebound and continued growth of BCH/USD to the area above the level of 295. 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 230. This will indicate a continued decline in cryptocurrency with a potential goal below level 205.
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