Bitcoin Cash ends the trading week at 127 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 155. Where once again we can expect a rebound and an attempt to continue to decline Bitcoin Cash with a goal below level 60.
Bitcoin Cash Forecast and Analysis January 21 — 25, 2019
An additional signal in favor of a fall in BCH/USD quotes on the current trading week of January 21 — 25, 2019 will be the test of the resistance line 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 a breakdown of the support area and closing of quotes below 105.
Bitcoin Cash Forecast and Analysis January 21 — 25, 2019 implies an attempt to test the resistance area near the level of 155. Then the continuation of falling to the area below the level of 60. 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 continued rise in cryptocurrency.