Bitcoin Cash ends the trading week at level 113 and continues to move as part of the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 160. Where again we should expect a rebound and an attempt to continue to decline in Bitcoin Cash with a goal below level 70.
Bitcoin Cash Forecast and Analysis February 4 — 8, 2019
An additional signal in favor of the fall in BCH/USD quotes on the current trading week on February 4 — 8, 2019 will be the resistance line test on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency Bitcoin Cash will be a strong growth and the breakdown of the area 235. This will indicate a breakdown of the upper boundary of the downward channel and continued growth of BCH/USD. Confirmation of a decline in cryptocurrency will be a breakdown of the support area and closing of quotes below the level of 100.
Bitcoin Cash Forecast and Analysis February 4 — 8, 2019 implies an attempt to test the resistance area near the level of 160. Then the continuation of the fall to the area below the level of 70. An additional signal in favor of reducing Bitcoin Cash is 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 235. This will indicate a continuation of the rise of cryptocurrency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
