Bitcoin Cash BCH/USD are trading at 259 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $4 132 434 096. At the moment, we should expect an attempt to test the resistance level near the 290 area. Where again we should expect a rebound and the continuation of the fall of Bitcoin Cash with the goal below 180.
Bitcoin Cash forecast & technical analysis November 22, 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 limit of the downward model «Wolfe Wave». 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 335. 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 the closure of quotes below 235, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis November 22, 2018 suggests an attempt to test the resistance area near the level of 290. Where should we expect a rebound and the continuation of the fall of BCH/USD to the area below the level of 180. 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 335. This will indicate continued growth in cryptocurrency.
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