Bitcoin Cash ends the trading week at 303.30 and continues to move as part of the fall and the bullish channel. Moving averages indicate a bullish trend. As part of the BCH/USD exchange rate forecast for the next trading week, we can expect an attempt at a correction and a test of the support area near the level of 205.00. From where again, a rebound is expected and an attempt to continue the growth of Bitcoin Cash with a potential target above the level of 550.00.
Bitcoin Cash Forecast and Analysis July 22 — 26, 2019
An additional signal in favor of the growth of BCH/USD quotes on the current trading week of July 22 — 26, 2019 will be the test of the support area on the relative strength indicator. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth option Bitcoin Cash cryptocurrency will fall and a breakdown of 445.00 area. This will indicate a breakdown of the lower boundary of the ascending channel and the continuation of the fall in BCH/USD quotes. Confirmation of the rise of cryptocurrency will be a breakdown of the downward trend line on the RSI indicator and closing of quotes below the level of 285.00.
Bitcoin Cash Forecast and Analysis July 22 — 26, 2019 implies an attempt to test the resistance area near the level of 375.00. Then the continuation of the fall in the area below 145.00. An additional signal in favor of reducing Bitcoin Cash is a test of the trend line on the relative strength indicator. Cancellation of the fall option will be a strong growth and the breakdown of the area of 445.00. This will indicate a continuation of the rise of cryptocurrency with a goal above the level of 505.00.