Bitcoin Cash forecast & technical analysis December 11, 2018


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

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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