Bitcoin Cash BCH/USD are trading at 160 and continue to move as part of the fall. Cryptocurrency capitalization at the time of the publication of the forecast is $2 897 087 786. Sliding averages indicate the presence of a bullish trend in Bitcoin Cash. At the moment, we can expect an attempt to test the support level near the area of 145. Where again we should expect a rebound and continued growth of the Bitcoin Cash rate with the goal above the level of 220.
Bitcoin Cash forecast & technical analysis December 26, 2018
In favor of the growth of quotations BCH/USD will test the rising trend line on the indicator of relative strength index (RSI). As well as a rebound from the lower boundary of the rising channel. Cancellation option growth rate Bitcoin Cash will fall and the breakdown of the area 130. This will indicate a breakdown of the lower boundary of the model and the continuation of the fall of the cryptocurrency exchange rate. With the breakdown of the resistance area and the closure of quotations above the level of 225, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis December 26, 2018 suggests an attempt to test the support area near the level of 145. Where should we expect a rebound and continued growth of BCH/USD to the area above the level of 220. An additional signal in favor of the growth of Bitcoin Cash will be a test of the trend line relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area of 130. This will indicate a continued decline in cryptocurrency.
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