Bitcoin Cash BCH/USD are trading at 91.88 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $1 712 307 099. At the moment, we can expect an attempt to test the resistance level near area 100. Where again we should expect a rebound and the continued decline of Bitcoin Cash with a target below 75.
Bitcoin Cash forecast & technical analysis December 12, 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 lower boundary of the model «Triangle». Cancellation of the option to reduce the rate of Bitcoin Cash will be a strong growth and the breakdown of the area 105. This will indicate a breakdown of the area of resistance 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 12, 2018 imply an attempt to test the resistance area near level 100. Where should we expect a rebound and the continuation of BCH/USD decline to below 75 level. An additional signal in favor of Bitcoin Cash falling 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 105. This will indicate a continued growth of cryptocurrency.
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