Bitcoin Cash BCH/USD are trading at 176 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $3 134 099 981. Moving averages indicate the presence of a bullish trend in Bitcoin Cash. At the moment, we can expect an attempt to test the resistance level near the area 195. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a target below 130.
Bitcoin Cash forecast & technical analysis December 27, 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 descending channel. Cancellation of the option of a fall in the rate of Bitcoin Cash will be a strong growth and a breakdown of the 210 area. This will indicate a breakdown of the upper boundary of the channel and continued growth of the cryptocurrency rate. With the breakdown of the support area and closing of quotes below the level of 160, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis December 27, 2018 suggests an attempt to test the resistance area near the level of 195. Where should we expect a rebound and the continuation of BCH/USD decline to below 130. 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 210 area. This will indicate continued growth in cryptocurrency.
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