Bitcoin Cash ends the trading week at the level of 409 and continues to move as part of the correction and the upward channel. Moving averages indicate a flat trend, which is likely to change in favor of an uptrend. 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 370. Where will the rebound be expected again and the attempt to continue to grow Bitcoin Cash with a potential target higher than 645.
Bitcoin Cash Forecast and Analysis June 17 — 21, 2019
An additional signal in favor of raising the BCH/USD quotes on the current trading week on June 17 — 21, 2019 will be the test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the Bitcoin Cash cryptocurrency growth option will be a fall and a breakdown of area 270. 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 growth of cryptocurrency will make a breakdown of the resistance area and closing quotes above 480.
Bitcoin Cash Forecast and Analysis June 17 — 21, 2019 implies an attempt to test the support area near the level of 370. Then continued growth to the area above 645. An additional signal in favor of the growth of Bitcoin Cash is a test of the trend line on the relative strength index (RSI). Cancellation of the option of the rise will be the fall and the breakdown of the area 270. This will indicate the continuation of the fall of the cryptocurrency with the goal below the level 195.
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