Bitcoin Cash ends the trading week at 130, 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 165. Where again we should expect a rebound and an attempt to continue to decline in Bitcoin Cash with a target below 65.
Bitcoin Cash Forecast and Analysis January 14 — 18, 2019
An additional signal in favor of falling BCH/USD quotes on the current trading week of January 14 — 18, 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 a breakdown of the 230 area. 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 the breakdown of the support area and closing of quotes below 110.
Bitcoin Cash Forecast and Analysis January 14 — 18, 2019 implies an attempt to test the resistance area near the level of 165. Then the continuation of the fall to the area below the level 65. 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 of 230. This will indicate a continuation of the rise of cryptocurrency.