Bitcoin Cash ends the trading week at 284 and continues to move in the uplink. Moving averages indicate a downward trend. As part of the weekly BCH/USD rate forecast, we should expect an attempt to fall and a test of the support area near the level of 235. Where again we should expect a rebound and an attempt to continue to grow Bitcoin Cash with a potential target above the level of 495.
Bitcoin Cash Forecast and Analysis May 13 — 17, 2019
An additional signal in favor of raising the BCH/USD quotes on the current trading week on May 13 — 17, 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 cryptocurrency growth option Bitcoin Cash will be a fall and a breakdown of the area of 180. This will indicate a breakdown of the lower boundary of the rising channel and the continuation of the fall in BCH/USD quotes. Confirmation of the growth of cryptocurrency will be the breakdown of the resistance area and the closure of quotations above the level of 335.
Bitcoin Cash Forecast and Analysis May 13 — 17, 2019 implies an attempt to test the support area near level 235. Then, continued growth to the area above level 495. An additional signal in favor of growth Bitcoin Cash will be 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 180. This will indicate the continuation of the fall of the cryptocurrency with a goal below level 145.