Bitcoin Cash ends the trading week at 295.35 and continues to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate a bearish trend. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to correct and test the support area near the level of 280.55. Where again, a rebound is expected and an attempt to continue the growth of Bitcoin Cash with a potential target above the level of 455.00.
Bitcoin Cash Forecast and Analysis September 23 — 27, 2019
An additional signal in favor of the growth of BCH/USD quotes for the current trading week September 23 — 27, 2019 will be a test of a downward trend line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the growth option for the Bitcoin Cash cryptocurrency will be a fall and a breakdown of the 245.00 area. This will indicate a breakdown of the lower knapsacks of the model model and a continued fall in BCH/USD quotes. A confirmation of the growth of the cryptocurrency will be a breakdown of the resistance area and closing of quotations above the level of 355.00.
Bitcoin Cash Forecast and Analysis September 23 — 27, 2019 implies an attempt to test the support area near the level of 280.55. Then, continued growth to the area above the level of 455.00. An additional signal in favor of raising Bitcoin Cash will be a test of the broken trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the area of 245.00.
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