BCH/USD are trading at 273.57 and continue to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $5 081 567 935. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash, prices are again testing the area between the signal lines, which indicates a likely rebound from current levels. As part of the cryptocurrency rate forecast for November 15, 2019, one should expect an attempt to correct the asset value and test the support level near the area of 255.05. Where again we should expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 350.05.
Bitcoin Cash Forecast and Analysis BCH/USD November 15, 2019
An additional signal in favor of raising the quotes of the digital asset BCH/USD will be a test of the upward trend line on the relative strength index (RSI). The second signal in favor of the growth of BCH/USD quotes will be a rebound from the lower border of the rising channel. Cancellation of the growth option for the Bitcoin Cash cryptocurrency rate on November 15, 2019 will be a fall and a breakdown of the area of 225.05. This will indicate a breakdown of the support area and a continued decline in the cryptocurrency rate with a potential target below the area of 195.05. With the breakdown of the resistance area and the closing of quotes above the level of 305.05, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD November 15, 2019 implies an attempt to test the support area near the level of 255.05. Where can we expect a rebound and continued growth of BCH/USD to the area above the level of 350.05. An additional signal in favor of raising the digital asset 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 the area of 225.05. This will indicate a continued fall in cryptocurrency with a potential target below the level of 195.05.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
