Bitcoin Cash forecast & technical analysis January 1, 2019


Bitcoin Cash BCH/USD are trading at 155 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $2 813 044 143. Moving averages indicate the presence of an upward trend in Bitcoin Cash. At the moment, we should 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 a target above the level of 255.

Bitcoin Cash forecast & technical analysis January 1, 2019

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 the formation of an inverted model of «Head and Shoulders». Cancellation of the growth rate option Bitcoin Cash will fall and breakdown of area 130. This will indicate a breakdown of support and the continuation of the fall of the cryptocurrency exchange rate with a target below 95. With the breakdown of the resistance area and the closure of quotes above 185, we should expect confirmation of the development of the upward trend on Bitcoin Cash.

Bitcoin Cash forecast & technical analysis January 1, 2019

Bitcoin Cash forecast & technical analysis January 1, 2019 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 255. An additional signal in favor of the growth of Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area 130. This will indicate the continuation of the fall of the cryptocurrency.


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