Bitcoin Cash BCH/USD are trading at 281.78 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 $5 068 941 298. Moving averages indicate the presence of a short-term upward 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 270. Where again we should expect a rebound and continued growth of the Bitcoin Cash rate with a potential target above the level of 335.
Bitcoin Cash Forecast and Analysis BCH/USD May 7, 2019
In favor of the growth of quotations BCH/USD will test the rising trend line on the indicator of relative strength index (RSI). The second signal will be a rebound from the lower boundary of the model «Triangle». Cancellation of the growth rate option Bitcoin Cash will be a fall and a breakdown of area 260. This will indicate a breakdown of the support level and a continuation of the fall of the cryptocurrency rate with a target below area 215. With the breakdown of the upper limit of the downward channel and closure of quotes above the level of 310, we should expect confirmation of the upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD May 7, 2019 suggests an attempt to test the support area near the level of 270. Where should we expect a rebound and continued growth of BCH/USD to the area above the level of 335. 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 a fall and a breakdown of area 260. This will indicate a continued decline in cryptocurrency with a potential target below level 215.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
