Bitcoin Cash BCH/USD are trading at 113 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $2 051 004 675. Moving 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 the area of 125. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a target below 80.
Bitcoin Cash Forecast and Analysis BCH/USD February 7, 2019
In favor of reducing the BCH/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. 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 breakdown of the area 140. This will indicate a breakdown of the upper boundary of the channel and continued growth of the cryptocurrency exchange rate with a target below area 165. With the breakdown of the support area and closing of quotes below 105, we should expect confirmation of the development of the downward trend on Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD February 7, 2019 imply an attempt to test the resistance area near the level of 125. Where should we expect a rebound and the continuation of the fall of BCH/USD to an area below 80. 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 140. This will indicate a continuation of the rise of cryptocurrency with a potential target above the level of 165.
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