Bitcoin Cash BCH/USD are trading at 79 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $1 455 417 707. Moving averages indicate a downward trend in Bitcoin Cash. At the moment, we should expect an attempt at a test of the support level near area 70. Where again we should expect a rebound and continued growth of the Bitcoin Cash rate with a target above the level of 145.
Bitcoin Cash forecast & technical analysis December 18, 2018
A test of a broken trend line on the relative strength index (RSI) will be in favor of the growth of BCH/USD quotes. Cancellation of the growth rate option Bitcoin Cash will fall and the breakdown of area 65. This will indicate a breakdown of the support area and the continuation of the fall of the cryptocurrency rate. With the breakdown of the upper boundary of the downward channel and the closure of quotations above 105, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis December 18, 2018 suggests an attempt to test the support area near the level of 70. Where should we expect a rebound and continued growth of BCH/USD to the area above the level of 145. An additional signal in favor of the growth of Bitcoin Cash will be a test of the trend line relative strength (RSI). Cancellation of the growth option will be the fall and the breakdown of the area 65. This will indicate a continued decline in cryptocurrency.
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