Bitcoin Cash ends the trading week at 134 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 decline and a test of the support area near the level of 125. Where again we should expect a rebound and an attempt to continue growth on Bitcoin Cash with a target above 215.
Bitcoin Cash Forecast and Analysis March 18 — 22, 2019
An additional signal in favor of the growth of BCH/USD quotes on the current trading week of March 18 — 22, 2019 will be the support line test on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the model «Triangle». Cancellation of the cryptocurrency growth option Bitcoin Cash will fall and the breakdown of area 105. This will indicate the breakdown of the support area and the continuation of the fall of BCH/USD. Confirmation of the growth of cryptocurrency will be a breakdown of the resistance area and the closure of quotes above the 155 level.
Bitcoin Cash Forecast and Analysis March 18 — 22, 2019 implies an attempt to test the support area near the level of 125. Then continued growth to the area above the level of 215. A further signal in favor of raising Bitcoin Cash will be 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 105. This will indicate a continued decline in cryptocurrency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
