Bitcoin Cash BCH/USD are trading at 109 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $1 972 637 011. Sliding averages indicate the presence of a downward 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 level 70.
Bitcoin Cash Forecast and Analysis BCH/USD January 29, 2019
The test of the broken trend line on the relative strength index (RSI) will be in favor of BCH/USD quotes reduction. Cancellation of the option of falling Bitcoin Cash will be a strong growth and a breakdown of the area 135. This will indicate a breakdown of the upper boundary of the channel and continued growth of the cryptocurrency rate with a target below the area of 165. With the breakdown of the lower limit of the downward channel and closing of quotes below 90, we should expect confirmation of the downward trend development by bitcoin cash.
Bitcoin Cash Forecast and Analysis BCH/USD January 29, 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 70. An additional signal in favor of reducing Bitcoin Cash will be a test of the trend line on the indicator relative index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the area 135. This will indicate a continuation of the rise of cryptocurrency with a potential goal above the level of 165.