Bitcoin Cash BCH/USD are trading at 129 and continue to move in the bearish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $2 312 313 230. Moving averages indicate a downward trend in Bitcoin Cash. At the moment, we can expect an attempt to test the resistance level near the area of 135. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with the goal below the level of 100.
Bitcoin Cash Forecast and Analysis BCH/USD January 16, 2019
In favor of the fall in BCH/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. As well as a rebound from the upper limit of the descending channel. Cancellation of the option of falling Bitcoin Cash will be a strong growth and a breakdown of the area 150. This will indicate a breakdown of the upper boundary of the channel and the continued growth of the cryptocurrency rate with a target above the area of 190. With the breakdown of the support area and closing of quotes below 115, we should expect confirmation of the development of the downward Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD January 16, 2019 suggests an attempt to test the resistance area near the level of 135. Where should we expect a rebound and the continuation of BCH/USD falling to below 100. An additional signal in favor of Bitcoin Cash is a test of the trend line on the relative strength index (RSI). Cancellation of the reduction option will be a strong growth and the breakdown of the region of 150. This will indicate a continued growth of cryptocurrency.