Bitcoin Cash forecast & technical analysis November 19, 2018


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Bitcoin Cash BCH/USD are trading at 335 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $7 065 280 506. At the moment, we can expect an attempt to test the resistance level near area 395. Where again we should expect a rebound and the continuation of the fall of Bitcoin Cash with a target below 255.

Bitcoin Cash forecast & technical analysis November 19, 2018

In favor of lowering BCH/USD quotes, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the option of a fall in the course will be a strong growth and a breakdown of the area of ​​440. This will indicate a breakdown of the area of ​​resistance and continued growth of the cryptocurrency rate. With the breakdown of the area of ​​support and closing of quotes below the level of 305, we should expect confirmation of the development of the downward trend in Bitcoin Cash.

Bitcoin Cash forecast & technical analysis November 19, 2018

Bitcoin Cash forecast & technical analysis November 19, 2018 suggests an attempt to test the resistance area near the level of 395. Where should we expect a rebound and the continuation of the fall of BCH/USD to the area below the level of 255. An additional signal in favor of reducing Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the area of ​​440. This will indicate continued growth in cryptocurrency.


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