Bitcoin Cash BCH/USD are trading at 376.38 and continue to move as part of the correction and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $7 059 324 436. Moving averages indicate the presence of a short-term upward trend in Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for June 11, 2019, we should expect an attempt to decrease and test the support level near the 325.00 area. Where can we again expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 510.00.
Bitcoin Cash Forecast and Analysis BCH/USD June 11, 2019
An additional signal in favor of the growth of BCH/USD quotes will be the formation of an inverted «Head and Shoulders» model on the relative strength index (RSI). The second signal in favor of raising the BCH/USD quotes will be a rebound from the lower boundary of the bullish channel. The abolition of the variant of the growth of the cryptocurrency Bitcoin Cash will be a strong fall and a breakdown of the 300.55 area. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of the cryptocurrency rate with a potential target below the 265.00 area. With the breakdown of the resistance area and the closure of quotes above the level of 435.00, we can expect the acceleration of the development of the upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD June 11, 2019 imply an attempt to test the support area near the level of 325.00. Where can we expect a rebound and continued growth of BCH/USD in the region above the level of 510.00. 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 300.55 area. This will indicate a continued decline in cryptocurrency with a potential target below the level of 265.00.
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