Bitcoin Cash ends the trading week at 127 and continues to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to reduce and test the support area near the level of 115. Where again we should expect a rebound and an attempt to continue growth on Bitcoin Cash with a goal above 275.
Bitcoin Cash Forecast and Analysis March 11 — 15, 2019
An additional signal in favor of the growth of BCH/USD quotes on the current trading week of March 11 — 15, 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 model «Triangle». Cancellation of the Bitcoin Cash cryptocurrency growth option will be a fall and a breakdown of the 80 area. This will indicate a breakdown of the support area and the continuation of the fall of BCH/USD. Confirmation of the growth of cryptocurrency will be the breakdown of the resistance area and the closure of quotes above the 155 level.
Bitcoin Cash Forecast and Analysis March 11 — 15, 2019 implies an attempt to test the support area near level 115. Then continued growth to the area above level 275. An additional signal in favor of raising Bitcoin Cash is a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area 80. This will indicate a continued decline in cryptocurrency.