BCH/USD are trading at 307.61 and continue to move as part of the growth and the beginning of the development of the «Head and Shoulders» reversal pattern. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $5 572 467 542. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. As part of the cryptocurrency rate forecast for September 10, 2019, we should expect an attempt to correct and test the support level near the area of 297.50. Where again we should expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 345.00.
Bitcoin Cash Forecast and Analysis BCH/USD September 10, 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 «Neckline» of the «Head and Shoulders» reversal pattern. Cancellation of the growth option for the Bitcoin Cash cryptocurrency rate on September 10, 2019 will be a fall and a breakdown of the area of 270.00. 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 225.00. With the breakdown of the resistance area and the closing of quotes above the level of 320.00, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD September 10, 2019 implies an attempt to test the support area near the level of 297.50. Where can we expect a rebound and continued growth of BCH/USD to the area above the level of 345.00. An additional signal in favor of the rise in 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 270.00. This will indicate a continued decline in cryptocurrency with a potential target below the level of 225.00.
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