Bitcoin Cash ends the trading week at level 268 and continues to move in the ascending channel. Moving averages indicate a bearish trend. At the moment, we can expect an attempt to reduce and test the support area near the level of 225. Where again we should expect a rebound and an attempt to continue growth on Bitcoin Cash with a goal above the level of 555.
Bitcoin Cash Forecast and April 15 — 19, 2019
An additional signal in favor of the growth of BCH/USD quotes on the current trading week of April 15 — 19, 2019 will be the support line test 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 175. 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 break the upper boundary of the channel and close the quotes above the level of 395.
Bitcoin Cash Forecast and April 15 — 19, 2019 implies an attempt to test the support area near level 225. Then, continued growth to the area above 555. An additional signal in favor of raising Bitcoin Cash will be 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 the area 175. This will indicate a continued decline in cryptocurrency.