Bitcoin Cash BCH/USD are trading at 99.68 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $1 859 490 668. 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 a further decline in the Bitcoin Cash rate with a target below 65.
Bitcoin Cash forecast & technical analysis December 11, 2018
In favor of reducing the BCH/USD quotes, a test of the bearish 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 the closure of quotes below the level of 85, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis December 11, 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 65. An additional signal in favor of the fall of Bitcoin Cash will be 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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