Bitcoin Cash forecast & technical analysis January 4, 2018


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Bitcoin Cash BCH/USD are traded at the level of 2297 and continue to move within the limits of the decline. At this point, we should expect an attempt to test the upper border of the channel near the area of ​​2300. Again, we expect a rebound and the continued decline in the rate of Bitcoin Cash with a target below 1800.

Bitcoin Cash forecast & technical analysis January 4, 2018

In favor of falling quotes BCH/USD will break the trend line on the indicator of relative strength index (RSI), the reversal model «Head and Shoulders» in small time intervals. The abolition of the fall option will be the breakdown of the 2600 area, which will indicate the breakdown of the upper border of the channel and the continued growth of BCH/USD. Expect to accelerate the fall of the crypto currency is worth a breakdown of the level of 2250.

Bitcoin Cash forecast & technical analysis January 4, 2018

Bitcoin Cash forecast & technical analysis January 4, 2018 suggests an attempt to test the upper border of the channel near the area of ​​2300, from which it is expected to rebound and continue falling of the cryptocurrency in the area below the level of 1800, an additional signal in favor of the Bitcoin Cash drop will be a breakdown of the support line on the indicator of relative strength index (RSI).

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