Bitcoin Cash BCH/USD are trading at 161 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $2 900 255 913. Moving averages indicate a bearish trend in Bitcoin Cash. At the moment, we can expect an attempt to test the support level near the region of 150. Where again we should expect a rebound and continued growth of the Bitcoin Cash rate with the target above the level of 230.
Bitcoin Cash forecast & technical analysis January 4, 2019
In favor of the growth of quotations BCH/USD will test the rising trend line on the indicator of relative strength index (RSI). Cancellation of the growth rate option Bitcoin Cash will fall and breakdown of the area of 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 upper boundary of the «Triangle» model and the closure of quotes above 190, we should expect confirmation of the upward trend development Bitcoin Cash.
Bitcoin Cash forecast & technical analysis January 4, 2019 suggests an attempt to test the support area near the level of 150. Where should we expect a rebound and continued growth of BCH/USD to the area above the level of 230. 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.