Bitcoin Cash BCH/USD are trading at 157 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $2 798 678 233. Moving averages indicate a bearish trend in Bitcoin Cash. At the moment, we can expect an attempt to test the support level near the area of 155. Where again we should expect a rebound and continued growth of the Bitcoin Cash rate with the goal above the level of 175.
Bitcoin Cash forecast & technical analysis January 9, 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 a rebound from the lower boundary of the model «Triangle». Cancellation of the growth rate option Bitcoin Cash will be a fall and a breakdown of area 145. This will indicate a breakdown of support and the continuation of a fall in the rate of cryptocurrency with a target below 130. With the breakdown of the upper boundary of the «Triangle» model and the closing of quotations above 170, we should expect confirmation of the upward trend Bitcoin Cash.
Bitcoin Cash forecast & technical analysis January 9, 2019 suggests an attempt to test the support area near the level of 155. Where should we expect a rebound and continued growth of BCH/USD to the area above the level of 175. 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 145. This will indicate the continuation of the fall of the cryptocurrency.