Bitcoin Cash completes the trading week at 899.48 and continues to move within the growth and upward channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers of the coin and potential continued growth. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to increase the value of a digital asset and a test of the resistance area near the level of 955.05. From where a rebound is expected again and an attempt to drop the Bitcoin Cash cryptocurrency with a potential target below the level of 475.05.
Cryptocurrency Bitcoin Cash Forecast April 19 — 23, 2021
An additional signal in favor of a fall in BCH/USD quotes in the current trading week April 19 — 23, 2021 will be a test of the resistance line on the relative strength index (RSI). The second signal will be a rebound on the upper border of the bullish channel. Cancellation of the option to reduce the Bitcoin Cash cryptocurrency in the next trading week will be a strong growth and a breakdown of the 1075.05 area. This will indicate a breakdown of the resistance area and continued growth of BCH/USD quotes with a target above the level of 1655.05. Confirmation of the fall of the cryptocurrency will be the breakdown of the support area and closing of quotations below the level of 795.05.
Cryptocurrency Bitcoin Cash Forecast April 19 — 23, 2021 suggests an attempt to test the resistance area near 955.05. Then, the continuation of the fall to the area below the level of 475.05. An additional signal in favor of reducing Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the 1075.05 area. This will indicate a continued rise in the cryptocurrency with a target above the level of 1655.05.
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