Bitcoin Cash BCH/USD are trading at 92.68 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $1 696 441 394. At the moment, we can expect an attempt to test the resistance level near area 100. Where again we should expect a rebound and a further decline in the rate of Bitcoin Cash with a target below level 70.
Bitcoin Cash forecast & technical analysis December 14, 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 110. This will indicate a breakdown of the area of resistance and 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 14, 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 70. An additional signal in favor of Bitcoin Cash falling 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 110. This will indicate continued growth in cryptocurrency.
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