Bitcoin Cash BCH/USD are trading at 257 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $6 323 910 499. At the moment, we can expect an attempt to test the resistance level near the 315 area.
Bitcoin Cash forecast & technical analysis November 20, 2018
In favor of lowering BCH/USD quotes, a test of the trend line on the relative strength index (RSI) will come out. As well as a rebound from the upper boundary of the bearish channel. Cancellation of the option of a fall in the rate of Bitcoin Cash will be a strong growth and a breakdown of the area of 370. This will indicate a breakdown of the area of resistance and the continued growth of the cryptocurrency rate. With the breakdown of the area of support and closing of quotes below the level of 205, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis November 20, 2018 imply an attempt to test the resistance area near the 315 level. An additional signal in favor of lifting Ripple 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 a breakdown of the 370 region. This will indicate continued growth in cryptocurrency.
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