Bitcoin Cash BCH/USD are trading at 115 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $2 077 048 764. Sliding averages indicate the presence of a bearish trend in Bitcoin Cash. At the moment, we should expect an attempt to test the resistance level near area 120. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a target below the level of 90.
Bitcoin Cash Forecast and Analysis BCH/USD February 6, 2019
In favor of reducing the BCH/USD quotes, a test of the downward trend line on the relative strength index (RSI) will be made. As well as a rebound from the upper boundary of the descending channel. Cancellation of the option of falling Bitcoin Cash will be a strong growth and a breakdown of the area 135. This will indicate a breakdown of the upper boundary of the channel and continued growth of the cryptocurrency rate with a target below area 165. With the breakdown of the support area and closing of quotes below 100, we should expect confirmation of the development of the downward trend on Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD February 6, 2019 imply an attempt to test the resistance area near level 120. Where should we expect a rebound and the continuation of BCH/USD falling to below 90 level. An additional signal in favor of reducing Bitcoin Cash will be 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 135. This will indicate a continuation of the rise of cryptocurrency with a potential goal above the level of 165.