Bitcoin Cash BCH/USD are trading at 125 and continue to move as part of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $2 255 473 958. Moving averages indicate a bearish trend in Bitcoin Cash. At the moment, we can 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 the goal below the level of 90.
Bitcoin Cash Forecast and Analysis BCH/USD January 18, 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 model «Triangle». 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 model and continued growth of the cryptocurrency rate with a target above the area of 180. With the breakdown of the lower boundary of the «Triangle» model and the closing of quotes below 110, we should expect development confirmation downward trend on bitcoin cash.
Bitcoin Cash Forecast and Analysis BCH/USD January 18, 2019 implies an attempt to test the resistance area near the level of 130. Where should we expect a rebound and the continuation of BCH/USD falling to the area below the level of 90. An additional signal in favor of Bitcoin Cash is a test of the trend line on the indicator 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 continued growth of cryptocurrency with a potential target above the level of 180.