Bitcoin Cash BCH/USD are traded at the level of 626.45 and continue to move within the bullish channel. Capitalization of the cryptocurrency at the time of publication of the forecast is $11 136 122 111 413. At this point, you should expect a test of the support level near the area of 615.00. Where again we should expect a rebound and the continued growth of the Bitcoin Cash rate with a target above the level of 700.00.
Bitcoin Cash forecast & technical analysis September 5, 2018
In favor of the growth of quotations BCH/USD will test the bullish trend line on the indicator of relative strength index (RSI). Cancellation of the variant of growth will be the fall and breakdown of the area 590.00, which will indicate the breakdown of the lower boundary of the bullish channel and the continued decline in the rate of the cryptocurrency. With the breakdown of the resistance area and the closing of quotes above the level of 660.00, one should expect confirmation of the development of the bullish trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis September 5, 2018 suggests a test of the support area near the level of 615.00, from which it is expected to rebound and continue the growth of BCH/USD to the area above the level of 700.00, an additional signal in favor of Bitcoin Cash’s rise will be a test of the trend line on the indicator relative strength index (RSI), the cancellation of the growth option will be the fall and breakdown of the area 590.00, which indicates the continued decline in the cryptocurrency.
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