BCH/USD are trading at 262.32 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 $4 814 064 217. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices broke through the area between the signal lines, indicating pressure from sellers. As part of the cryptocurrency rate forecast for November 19, 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 19, 2019
An additional signal in favor of raising the quotes of the digital asset BCH/USD is the breakdown of the downward 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. The cancellation of the growth option for the Bitcoin Cash cryptocurrency rate on November 19, 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 closing of quotes above 310.05, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD November 19, 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.
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