Bitcoin Cash BCH/USD are trading at 123 and continue to move as part of the fall. Cryptocurrency capitalization at the time of the publication of the forecast is $2 228 852 096. Moving averages indicate a bearish trend in Bitcoin Cash. At the moment, we should expect an attempt to test the resistance level near the area of 130. 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 January 15, 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 140. This will indicate a breakdown of the upper boundary of the channel and continued growth of the cryptocurrency rate with a target above the area of 190. With the breakdown of the support area and the closing of quotes below 110, we should expect confirmation of the development of the downward trend on Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD January 15, 2019 implies an attempt to test the resistance area near the level of 130. Where can 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 area 140. This will indicate a continued growth of cryptocurrency.