Bitcoin Cash BCH/USD are trading at 98.88 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $1 800 017 362. At the moment, we can expect an attempt to test the resistance level near the region of 115. Where again we should expect a rebound and the continued decline of Bitcoin Cash with a target below level 60.
Bitcoin Cash forecast & technical analysis December 10, 2018
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 limit of the descending channel. Cancellation of the option to reduce the rate of Bitcoin Cash will be a strong growth and the breakdown of the area of 130. This will indicate a breakdown of the resistance area and the continued growth of the cryptocurrency rate. With the breakdown of the area of support and closing of quotes below 75, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis December 10, 2018 imply an attempt to test the resistance area near the level of 115. Where should we expect a rebound and the continuation of BCH/USD decline to below 60. An additional signal in favor of Bitcoin Cash is a test of the trend line on the relative strength index (RSI). Cancellation of the reduction option will be a strong growth and the breakdown of the area of 130. This will indicate continued growth in cryptocurrency.
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