Bitcoin Cash BCH/USD are trading at 80 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $1 496 656 665. At the moment, we can expect an attempt to test the resistance level near area 95. Where again we should expect a rebound and the continued decline of Bitcoin Cash with a target below 55.
Bitcoin Cash forecast & technical analysis December 17, 2018
The test of the broken trend line on the relative strength index (RSI) will be in favor of BCH/USD quotes reduction. 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 75, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis December 17, 2018 suggests an attempt to test the resistance area near the level of 100. Where should we expect a rebound and the continuation of BCH/USD decline to the area below the level 55. An additional signal in favor of Bitcoin Cash falling will be a test of the trend line on the indicator 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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