BCH/USD are trading at 234.14 and continue to move as part of the decline. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 313 244 928. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices fell far from the signal lines, indicating pressure from the bears. As part of the cryptocurrency rate forecast for November 22, 2019, one should expect an attempt to correct the asset value and test the resistance level near the area of 245.05. Where again we should expect a rebound and continued decline in the Bitcoin Cash digital asset with a potential target below the level of 205.05.
Bitcoin Cash Forecast and Analysis BCH/USD November 22, 2019
An additional signal in favor of reducing the 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 border of the bearish channel. Cancellation of the option to drop the Bitcoin Cash cryptocurrency rate on November 22, 2019 will be a strong growth and a breakdown of the area of 270.05. This will indicate a breakdown of the upper boundary of the downward channel and continued growth of the cryptocurrency rate with a potential target above the area of 300.05. With the breakdown of the support area and closing of quotes below 220.05, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD November 22, 2019 implies an attempt to test the resistance area near the level of 245.05. Where can we expect a rebound and the continuation of the fall of BCH/USD to the area below the level of 205.05. 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 270.05. This will indicate a continued rise in the cryptocurrency with a potential target above the level of 300.05.
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