Bitcoin Cash BCH/USD are trading at 230 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $4 117 770 186. At the moment, we can expect an attempt to test the resistance level near the region of 280. Where again we should expect a rebound and the continuation of the fall of Bitcoin Cash with a target below 80.
Bitcoin Cash forecast & technical analysis November 21, 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 falling of the course Bitcoin Cash will be a strong growth and the breakdown of the area 345. This will indicate the 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 21, 2018 suggests an attempt to test the resistance area near the level of 280. Where should we expect a rebound and the continuation of BCH/USD falling to below 80. An additional signal in favor of reducing Bitcoin Cash will be a test of the trend line on the indicator relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the area 345. This will indicate continued growth of cryptocurrency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
