BCH/USD are trading at 298.42 and continue to move as part of the correction and the downward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $5 344 134 649. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. As part of the cryptocurrency rate forecast for September 12, 2019, one should expect an attempt to continue growth and test the resistance level near the area of 306.05. Where again we should expect a rebound and continued fall of the digital asset Bitcoin Cash with a potential target below the level of 255.00.
Bitcoin Cash Forecast and Analysis BCH/USD September 12, 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 border of the downward channel. Cancellation of the option to drop the Bitcoin Cash cryptocurrency rate on September 12, 2019 will be a strong growth and a breakdown of the area of 320.00. This will indicate a breakdown of the resistance area and continued growth of the cryptocurrency rate with a potential target above the area of 355.00. From the lower border of the rising channel and the closing of quotations below the level of 275.00, we should expect confirmation of the development of the bearish trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD September 12, 2019 implies an attempt to test the resistance area near the level of 306.05. Where can we expect a rebound and the continuation of the fall of BCH/USD to the area below the level of 255.00. 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 320.00. This will indicate a continued rise in the cryptocurrency with a potential target above the level of 355.00.
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