Bitcoin Cash ends the trading week at 285 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 215. Where once again we should expect a rebound and an attempt to continue growth on Bitcoin Cash with a target above the level of 535.
Bitcoin Cash Forecast and April 8 — 12, 2019
An additional signal in favor of the growth of BCH/USD quotes on the current trading week of 8 — 12, 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 bullish channel. Cancellation of the cryptocurrency growth option Bitcoin Cash will fall and the breakdown of the area 140. 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 be the breakdown of the resistance area and the closing of quotations above the level of 365.
Bitcoin Cash Forecast and April 8 — 12, 2019 implies an attempt to test the support area near level 215. Then continued growth to the area above level 535. 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 140. This will indicate a continued decline in cryptocurrency.
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