BCH/USD are trading at 221.34 and continue to move as part of a strong fall and a downward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $3 967 314 560. Moving averages indicate the presence of a short-term downward trend in Bitcoin Cash. As part of the cryptocurrency rate forecast for September 26, 2019, one should expect an attempt to correct and test the resistance level near the area of 240.55. Where again we should expect a rebound and continued fall of the digital asset Bitcoin Cash with a potential target below the level of 175.05.
Bitcoin Cash Forecast and Analysis BCH/USD September 26, 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 lower 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 25, 2019 will be a strong growth and a breakdown of the area of 270.05. This will indicate a breakdown of the upper boundary of the channel and continued growth of the cryptocurrency rate with a potential target above the area of 305.55. With the breakdown of the support area and closing of quotes below the level of 205.05, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD September 26, 2019 implies an attempt to test the resistance area near the level of 240.55. Where can we expect a rebound and the continuation of the fall of BCH/USD to the area below the level of 175.05. An additional signal in favor of reducing the digital asset of 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 270.05. This will indicate a continued rise in the cryptocurrency with a potential target above the level of 305.55.
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