Cryptocurrency Bitcoin Cash is traded at 115. The quotes continue to move in the framework of the fall and the descending channel. The BCH/USD course is traded below the lower boundary of the Ichimoku Kinko Hyo cloud. This indicates the presence of a bear’s trend in Bitcoin Cash. As part of the forecast of the cryptocurrency exchange rate, Bitcoin cache on September 2, 2022. An attempt to develop the price correction of a digital asset and the lower boundary of the ICHIMOKU Kinko HYO indicator cloud at the level of 120 is expected. Where it is worthwhile to expect a rebound down and the continuation of the BCH cryptocurrency with a potential goal is lower than the level of 90.
Bitcoin Cash Forecast and Analysis September 2, 2022
An additional signal in favor of such a cryptocurrency movement in the market will be a resistance area test in the schedule of cryptocurrency price. The second signal will be the hift from the upper boundary of the descending channel. Previously, a medium force was received for Bitcoin Cash cryptocurrency sales. The signal was formed due to the intersection of signal lines at 123. The nearest Bitcoin Cash resistance area is located at 125. The BCH/USD support area is located at 105.
The cancellation of the option of falling the quotes of the BCH/USD cryptoactive will be a strong increase in the cost of the asset and the breakdown of the upper boundary of the cloud of the Ichimoku Kinko HYO indicator with the closing of the price above the level of 135. This will indicate the change of descending trend in favor of the bull trend and the continuation of cryptocurrency growth. Expecting the acceleration of the fall in the BCH/USD quotes is with a breakdown of the support area and closing of quotes at a level of 105.
Bitcoin Cash Forecast and Analysis September 2, 2022 involves an attempt to correct cryptocurrency and a level of level 120. Where to wait for a continuation of the Bitcoin Cash course with a potential goal near the level of 90. The abolition of the decrease option will be a strong increase in the price of the asset and breakdown of the area 135. In this case, it is worth considering the continuation of the growth of the asset course with a potential goal at 175.
