Bitcoin Cash BCH/USD are trading at 156 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $2 817 602 107. At the moment, we can expect an attempt to test the resistance level near the region 165. Where again we should expect a rebound and continued decline in the Bitcoin Cash rate with a target below 120.
Bitcoin Cash forecast & technical analysis December 4, 2018
In favor of lowering BCH/USD quotes, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the option of reducing the rate of Bitcoin Cash will be a strong growth and the breakdown of the area 185. This will indicate a breakdown of the resistance area and the continued growth of the cryptocurrency rate. With the breakdown of the area of support and closing of quotes below the level of 150, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis December 4, 2018 suggests an attempt to test the resistance area near the level of 165. Where should we expect a rebound and the continuation of BCH/USD decline to below 120. An additional signal in favor of Bitcoin Cash falling will be 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 185. This will indicate continued growth of cryptocurrency.
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