Bitcoin Cash ends the trading week at 148 and continues to move as part of the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to fall and a test of the support area near the level of 85. Where again we should expect a rebound and an attempt to continue growth on Bitcoin Cash with a target above 295 level.
Bitcoin Cash forecast December 31 — January 4, 2019
In favor of the growth of BCH/USD quotes in the current trading week December 31 — January 4, 2019, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the cryptocurrency growth option Bitcoin Cash will be a fall and a breakdown of area 65. This will indicate a breakdown of the support level and a continued decline in BCH/USD. Confirmation of the growth of cryptocurrency will make a breakdown of the upper boundary of the downward channel and closing quotes above the level of 235.
Bitcoin Cash forecast December 31 — January 4, 2019 implies an attempt to test the support area near level 85. Then continued growth to the area above 295. An additional signal in favor of the growth of Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). By canceling the growth option, the mill will fall and the breakdown area 65. This will indicate a continued decline in cryptocurrency.