Bitcoin Cash BCH/USD are trading at 94.28 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $1 785 415 459. At the moment, we should expect an attempt to test the resistance level near area 105. Where again we should expect a rebound and the continued decline of Bitcoin Cash with a target below 70.
Bitcoin Cash forecast & technical analysis December 13, 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 bearish channel. Cancellation of the option to reduce the rate of Bitcoin Cash will be a strong growth and the breakdown of area 120. 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 13, 2018 imply an attempt to test the resistance area near level 105. Where can we expect a rebound and the continuation of the decline in BCH/USD in the region below the level of 70. 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 region 120. This will indicate a continued growth of cryptocurrency.
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