Analysis for 2020-05-24
Bitcoin Cash (BCH) In favor of reducing the BCH/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. Cancellation of the option of falling Bitcoin Cash will be a strong growth and the breakdown of the 310.00 area. This will indicate a breakdown of the upper limit of the downward channel and the continued growth of the cryptocurrency rate. With the breakdown of the area of support and closing of quotes below 265.00, we should expect confirmation of the development of a downward trend in Bitcoin Cash. Bitcoin Cash BCH/USD are trading at 321.05 and continue to move as part of an upward correction.