BCH/USD are trading at 295.64 and continue to move as part of the decline and the downward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $5 420 673 673. Moving averages indicate the presence of a short-term bearish trend for Bitcoin Cash. As part of the cryptocurrency rate forecast for September 3, 2019, one should expect an attempt to increase slightly and test the resistance level near the area of 310.00. Where again we should expect a rebound and continued fall of the digital asset Bitcoin Cash with a potential target below the level of 220.00.
Bitcoin Cash Forecast and Analysis BCH/USD September 4, 2019
An additional signal in favor of reducing the BCH/USD quotes will be a test of a downward trend line on the relative strength index (RSI). The second signal in favor of falling 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 4, 2019 will be a strong growth and a breakdown of the 325.00 area. This will indicate a breakdown of the upper border of the bearish channel and continued growth of the cryptocurrency rate with a potential target above the area of 355.00. With the breakdown of the support area and closing of quotes below the level of 255.05, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD September 4, 2019 implies an attempt to test the resistance area near the level of 310.00. Where can we expect a rebound and the continuation of the fall of BCH/USD to the area below 220.00. An additional signal in favor of the fall of Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the reduction option will be a strong growth and the breakdown of the 325.00 area. This will indicate a continued rise in the cryptocurrency with a potential target above the level of 355.00.