Bitcoin Cash ends the trading week at 206.55 and continues to move as part of the fall. Unfortunately, customers were unable to complete the formation of the inverted «Head and Shoulders» model. Moving averages indicate a bearish trend, which remains strong, as we see prices once again pushed from the area between the signal lines. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to downward correction of the value of the digital asset and a test of the support area near the level of 195.05. Where again, a rebound and an attempt to grow Bitcoin Cash is expected with a potential target above the level of 455.05.
Bitcoin Cash Forecast and Analysis November 25 — 29, 2019
An additional signal in favor of the growth of BCH/USD quotes in the current trading week November 25 — 29, 2019 will be a test of the ascending trend line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the downward channel. Cancellation of the growth option for the Bitcoin Cash cryptocurrency will be a fall and a breakdown of the area of 135.05. This will indicate a breakdown of the support area and a continued decline in BCH/USD quotes. Confirmation of the growth of cryptocurrency will be a breakdown of the upper border of the downward channel and closing quotes above 325.05.
Bitcoin Cash Forecast and Analysis November 25 — 29, 2019 implies an attempt to test the support area near the level of 195.05. Then continued growth to the area above the level of 455.05. An additional signal in favor of raising Bitcoin Cash will be a test of the broken trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of 135.05. This will indicate a continued decline in cryptocurrency with a target below the level of 85.05.
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