Bitcoin Cash ends the trading week at the level of 414 and continues to move as part of the growth and bullish channel. Moving averages indicate a bearish trend. 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 335. Where is the rebound expected again and an attempt to continue to grow Bitcoin Cash with a potential target above the level of 605.
Bitcoin Cash Forecast and Analysis May 27 — 31, 2019
An additional signal in favor of raising the BCH/USD quotes on the current trading week of May 27 — 31, 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 the 245 area. This will indicate a breakdown of the lower boundary of the bullish 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 closing of quotes above the level of 495.
Bitcoin Cash Forecast and Analysis May 27 — 31, 2019 implies an attempt to test the support area near the level of 335. Then continued growth in the area above the level of 605. An additional signal in favor of the growth of 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 245. This will indicate the continuation of the fall of the cryptocurrency with a goal below level 185.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
