Bitcoin Cash BCH/USD are trading at 140 and continue to move as part of the fall. Cryptocurrency capitalization at the time of the publication of the forecast is $2 395 949 877. Moving averages indicate a downward trend in Bitcoin Cash. At the moment, we should expect an attempt to test the resistance level near the area of 155. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a goal below 100.
Bitcoin Cash Forecast and Analysis BCH/USD January 11, 2019
The test of the broken trend line on the relative strength index (RSI) will be in favor of BCH/USD quotes falling. As well as a rebound from the lower boundary of the model «Triangle». Cancellation of the option of falling Bitcoin Cash will be a strong growth and breakdown of area 170. This will indicate a breakdown of the resistance level and continued growth of the cryptocurrency rate with a target above area 210. With the breakdown of the lower boundary of the Triangle model and the closing of quotes below 120, we should expect confirmation of the development of a downward trends on bitcoin cash.
Bitcoin Cash Forecast and Analysis BCH/USD January 11, 2019 suggests an attempt to test the resistance area near the level of 155. Where should we expect a rebound and the continuation of the fall of BCH/USD to the area below 100. An additional signal in favor of the fall of Bitcoin Cash will be a test of the trend line on the indicator relative index (RSI). Cancellation of the reduction option will be a strong growth and the breakdown of the area of 170. This will indicate continued growth of cryptocurrency.