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 $5 254 194 108. Moving averages indicate the presence of a short-term upward trend in Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for tomorrow, we can expect an attempt to reduce and test the support level near the 275 area. Where again we expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 340. This goal is obtained by working out the «Triangle» model.
Bitcoin Cash Forecast and Analysis BCH/USD May 8, 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 will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the growth rate of 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 potential target below area 215. With the breakdown of the upper limit of the «Triangle» model and the closing of quotes above level 310, we should expect confirmation of an upward development trends on bitcoin cash.
Bitcoin Cash Forecast and Analysis BCH/USD May 8, 2019 implies an attempt to test the support area near level 275. Where should we expect a rebound and continued BCH/USD growth to an area above 340. An additional signal in favor of raising Bitcoin Cash will be a test of the trend line on the indicator 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.
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