Bitcoin Cash ends the trading week at 212.52 and continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices have broken the area between the signal lines downward, which indicates pressure from the coin’s sellers and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of a digital asset and a test of the support area near the level of 185.55. From where a rebound is expected again and an attempt to grow Bitcoin Cash with a potential target above the level of 315.05.
Bitcoin Cash Forecast and Analysis September 28 — October 2, 2020
An additional signal in favor of raising the BCH/USD quotes in the current trading session on September 28 — October 2, 2020 will be a test of the support line on the relative strength index (RSI). The second signal will be a breakdown of the upper border of the descending channel. Cancellation of the growth option for the Bitcoin Cash cryptocurrency in the next trading week will be a fall and a breakdown of the 165.05 area. This will indicate a breakdown of the support area and a continued fall in BCH/USD quotes with a target below 100.55. Confirmation of the rise in cryptocurrency will be a breakdown of the resistance area and closing of quotations above the level of 265.05.
Bitcoin Cash Forecast and Analysis September 28 — October 2, 2020 implies an attempt to test the support area near 185.55. Then continued growth to the area above the level of 315.05. An additional signal in favor of a rise in Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 165.05 area. This will indicate a continued decline in cryptocurrency with a target below the level of 100.55.
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