Bitcoin Cash ends the trading week at the level of 129 and continues to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate a downward trend. At the moment, we should expect an attempt to decrease and a test of the support area near the level of 110. Where again we should expect a rebound and an attempt to continue growth on Bitcoin Cash with a goal above 295 level.
Bitcoin Cash Forecast and Analysis March 4 — 8, 2019
An additional signal in favor of the growth of BCH/USD quotes on the current trading week of March 4 — 8, 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 be a fall and a breakdown of 80. 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 level of 160.
Bitcoin Cash Forecast and Analysis March 4 — 8, 2019 implies an attempt to test the support area near 110. Then continued growth to the area above 295. 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.
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