BCH/USD are trading at 306.94 and continue to move as part of the correction and formation of the «Triangle» model. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $5 416 712 311. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. As part of the cryptocurrency rate forecast for September 17, 2019, one should expect an attempt to decrease and test the support level near the area of 296.85. Where again we should expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 335.00.
Bitcoin Cash Forecast and Analysis BCH/USD September 17, 2019
An additional signal in favor of the growth of 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 boundary of the «Triangle» model. Cancellation of the growth option for the Bitcoin Cash cryptocurrency rate on September 17, 2019 will be a fall and a breakdown of the area of 280.00. This will indicate a breakdown of the lower boundary of the model and the continuation of the fall of the cryptocurrency rate with a potential target below the area of 255.00. With the breakdown of the resistance area and the closing of quotations above the level of 315.00, we should expect confirmation of the development of the bullish trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD September 17, 2019 implies an attempt to test the support area near the level of 296.85. Where can we expect a rebound and continued growth of BCH/USD to the area above the level of 335.00. 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 280.00. This will indicate a continued decline in cryptocurrency with a potential target below 255.00.
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