Bitcoin Cash ends the trading week at 166 and continues to move in the ascending channel. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to decline and a test of the support area near the level of 140. Where again we should expect a rebound and an attempt to continue growth on Bitcoin Cash with a goal above the level of 255.
Bitcoin Cash Forecast and April 1 — 5, 2019
An additional signal in favor of the growth of BCH/USD quotes on the current trading week of April 1 — 5, 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 area 125. 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 make a breakdown of the resistance area and the closure of quotes above the level of 195.
Bitcoin Cash Forecast and April 1 — 5, 2019 implies an attempt to test the support area near the level of 140. Then continued growth to the area above the 255. 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 area 125. This will indicate a continued decline in cryptocurrency.