Bitcoin Cash BCH/USD are trading at 120 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $2 132 776 926. At the moment, we can expect an attempt to test the resistance level near the area of 135. Where again we should expect a rebound and the continued decline of Bitcoin Cash with a target below 95.
Bitcoin Cash forecast & technical analysis December 7, 2018
In favor of lowering BCH/USD quotes, a test of the trend line on the relative strength index (RSI) will come out. As well as a rebound from the upper limit of the bearish channel. Cancellation of the option to reduce the rate of Bitcoin Cash will be a strong growth and a breakdown of the 155. 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 105, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis December 7, 2018 imply an attempt to test the resistance area near the level of 135. Where should we expect a rebound and the continuation of BCH/USD decline to below 95. An additional signal in favor of Bitcoin Cash falling is a test of the trend line relative strength index (RSI). Cancellation of the reduction option will be a strong growth and the breakdown of the area of 155. This will indicate continued growth of cryptocurrency.
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