Bitcoin Cash BCH/USD are trading at 151 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $2 710 440 740. At the moment, we can expect an attempt to test the resistance level near the area of 160. Where again we should expect a rebound and a further decline in the Bitcoin Cash rate with a target below 120.
Bitcoin Cash forecast & technical analysis December 5, 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 to reduce the rate of Bitcoin Cash will be a strong growth and the breakdown of the area of 175. This will indicate a breakdown of the resistance area and the continued growth of the cryptocurrency rate. With the breakdown of the support area and closing of quotes below the level of 145, we should expect confirmation of the development of the downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis December 5, 2018 imply an attempt to test the resistance area near the level of 160. Where should we expect a rebound and the continuation of BCH/USD decline to below 120. An additional signal in favor of Bitcoin Cash is 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 of 175. This will indicate continued growth of cryptocurrency.
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