Bitcoin Cash BCH/USD are trading at 243 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $3 909 240 246. At the moment, we can expect an attempt to test the resistance level near the 275 area. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a target below 145.
Bitcoin Cash forecast & technical analysis November 23, 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 model «Triangle». Cancellation of the option of falling of the course Bitcoin Cash will be a strong growth and the breakdown of the area 315. 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 23, 2018 suggests an attempt to test the resistance area near level 275. Where should we expect a rebound and the continuation of BCH/USD falling into the area below 145. 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 315. This will indicate continued growth of cryptocurrency.
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