Bitcoin Cash BCH/USD are traded at the level of 1421 and continue to move within the correction. At this point, we should expect an attempt to lower and test the lower boundary of the channel near the area of 1380. Again, we should expect a rebound and the continued growth of the Bitcoin Cash with a target above the level of 1750.
Bitcoin Cash BCH/USD forecast on December 16, 2017
In favor of the growth of the BCH/USD quotes, the trend line test will be performed on the relative strength index (RSI). Cancellation of the growth option will be a breakdown of the area of 1350, which will indicate the outflow of quotes outside the channel and the continuation of the fall of BCH/USD. Expect to accelerate growth is with the breakdown of the level of 1550.
Bitcoin Cash BCH/USD forecast on December 16, 2017 suggests an attempt to test the lower border of the channel near the area of 1380, from which it is expected to rebound and continue growth in the area above the level of 1750, an additional signal for the growth of Bitcoin Cash will test the support line on the indicator of relative strength index (RSI).
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