BCH/USD are trading at 305.64 and continue to move as part of the correction and the formation of the «Triangle» model. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $5 520 746 672. Moving averages indicate the presence of a short-term downward trend in Bitcoin Cash. As part of the cryptocurrency rate forecast for September 11, 2019, one should expect an attempt to correct and test the resistance level near the area of 315.05. Where again we should expect a rebound and continued fall of the digital asset Bitcoin Cash with a potential target below the level of 225.00.
Bitcoin Cash Forecast and Analysis BCH/USD September 11, 2019
An additional signal in favor of falling quotes of the digital asset BCH/USD will be a test of a 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 upper boundary of the «Triangle» model. Cancellation of the option to drop the Bitcoin Cash cryptocurrency rate on September 10, 2019 will be a strong growth and a breakdown of the 335.00 area. This will indicate a breakdown of the resistance area and continued growth of the cryptocurrency rate with a potential target above the area of 385.00. With the breakdown of the support area and closing of quotes below 265.00, we should expect confirmation of the development of the bearish trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD September 11, 2019 suggests an attempt to test the resistance area near the level of 315.05. Where can we expect a rebound and the continuation of the fall of BCH/USD to the area below the level of 225.00. An additional signal in favor of reducing Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the area of 335.00. This will indicate a continued rise in the cryptocurrency with a potential target above the level of 385.00.
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