BCH/USD are trading at 186.95 and continue to move as part of the fall and development of the «Triangle» model. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $3 435 102 899. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices still continue to build on signal lines, indicating bearish pressure. As part of the cryptocurrency rate forecast for December 18, 2019, one should expect an attempt to increase the value of the asset and test the resistance level near the 195.00 area. Where again we should expect a rebound and continued decline in the rate of the digital asset Bitcoin Cash with a potential target below the level of 152.05.
Bitcoin Cash Forecast and Analysis BCH/USD December 18, 2019
An additional signal in favor of falling quotes of the digital asset BCH/USD is a test of a downward trend line on the relative strength index (RSI). The second signal in favor of falling BCH/USD quotes will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the option to drop the Bitcoin Cash cryptocurrency rate on December 18, 2019 will be a strong growth and a breakdown of the area of 215.05. This will indicate a breakdown of the resistance area and continued growth of the cryptocurrency rate with a potential target above the area of 235.05. With the breakdown of the support area and closing of quotes below 165.00, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD December 18, 2019 implies an attempt to test the resistance area near the level of 195.00. Where can we expect a rebound and the continuation of the fall of BCH/USD to the area below the level of 152.05. An additional signal in favor of reducing the digital asset of Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the area of 215.05. This will indicate a continued rise in the cryptocurrency with a potential target above the level of 235.05.
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