Bitcoin Cash ends the trading week at 124 and continues to move as part of the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt of growth and a test of the resistance area near the level of 155. Where again we should expect a rebound and an attempt to continue the decline in Bitcoin Cash with a goal below 65.
Bitcoin Cash Forecast and Analysis January 28 — February 1, 2019
An additional signal in favor of the fall of BCH/USD quotes on the current trading week January 28 — February 1, 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 105.
Bitcoin Cash Forecast and Analysis January 28 — February 1, 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 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 235. This will indicate a continuation of the rise of cryptocurrency.
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