Bitcoin Cash BCH/USD are trading at 436.68 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 $7 738 765 346. Moving averages indicate the presence of a short-term upward trend in Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for June 18, 2019, we should expect an attempt to continue the decline and a test of the support level near the 420.00 area. Where can we again expect a rebound and continued growth of Bitcoin Cash digital asset with a potential target above 490.00.
Bitcoin Cash Forecast and Analysis BCH/USD June 18, 2019
An additional signal in favor of the growth of BCH/USD quotes will be a test of a broken trend line on the relative strength index (RSI). The second signal in favor of rising quotes BCH/USD will be a rebound from the upper limit of the downward channel. Cancellation of the option of growth of the cryptocurrency rate Bitcoin Cash will be a strong fall and the breakdown of the area of 385.05. This will indicate the breakdown of the channel boundary and the continuation of the fall of the cryptocurrency exchange rate with a potential target below the 310.00 area. With the breakdown of the resistance area and the closure of quotes above the level of 450.00, we can expect the acceleration of the upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD June 18, 2019 implies an attempt to test the support area near the level of 420.00. Where can we expect a rebound and continued growth of BCH/USD in the region above the level of 490.00. 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 area of 385.05. This will indicate a continued decline in cryptocurrency with a potential target below 310.00.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
