Bitcoin Cash Forecast and Analysis BCH/USD February 8, 2019


Bitcoin Cash BCH/USD are trading at 113 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $2 044 503 227. Moving averages indicate a bearish trend in Bitcoin Cash. At the moment, we should expect an attempt to test the resistance level near the region of 115. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a goal below the level of 100.

Bitcoin Cash Forecast and Analysis BCH/USD February 8, 2019

In favor of reducing the BCH/USD quotes, a test of the downward trend line on the relative strength index (RSI) will be made. As well as a rebound from the upper limit of the model «Triangle». Cancellation of the option of falling Bitcoin Cash will be a strong growth and breakdown of area 120. This will indicate a breakdown of the upper limit of the model and continued growth of the cryptocurrency rate with a target above area 145. With the breakdown of the area of ​​support and closing of quotes below 105, we should expect confirmation of the development of a bearish trend in Bitcoin Cash.

Bitcoin Cash Forecast and Analysis BCH/USD February 8, 2019

Bitcoin Cash Forecast and Analysis BCH/USD February 8, 2019 suggests an attempt to test the resistance area near the level of 115. Where should we expect a rebound and the continuation of the fall of BCH/USD to the area below the level of 100. An additional signal in favor of reducing 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 the breakdown of the area 120. This will indicate a continuation of the rise of cryptocurrency with a potential target above the level of 145.


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