Bitcoin Cash BCH/USD traded at 424.99 and continue to move in the framework of the downward correction and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $7 651 590 164. Sliding averages indicate the presence of a short-term bullish trend on Bitcoin Cash. As part of the cryptocurrency exchange rate forecast for June 4, 2019, we should expect an attempt to fall and a test of the support level near the area of 380.00. Where can we again expect a rebound and continued growth of Bitcoin Cash digital asset with a potential target above the level of 525.00.
Bitcoin Cash Forecast and Analysis BCH/USD June 4, 2019
An additional signal in favor of the growth of BCH/USD quotes will be a test of the rising trend line 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 rising channel. The abolition of the variant of the growth of the cryptocurrency rate Bitcoin Cash will be a strong fall and a breakdown of the area of 365.00. This will indicate the breakdown of the lower boundary of the channel and the continuation of the fall of the cryptocurrency rate with a potential target below the 325.00 area. With the breakdown of the resistance area and the closure of quotes above the level of 485.00, we can expect the acceleration of the development of the upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD June 4, 2019 imply an attempt to test the support area near the level of 380.00. Where can we expect a rebound and continued growth of BCH/USD in the region above the level of 525.00. 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 365.00. This will indicate a continued decline in cryptocurrency with a potential target below 325.00.
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