Bitcoin Cash BCH/USD are trading at 166 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $2 999 874 833. At the moment, we can expect an attempt to test the resistance level near the area of 205. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a target below 85.
Bitcoin Cash forecast & technical analysis November 28, 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 225. 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 135, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis November 28, 2018 suggests an attempt to test the resistance area near the level of 205. Where should we expect a rebound and the continuation of BCH/USD falling to the area below 85. 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 225. This will indicate a continued growth of cryptocurrency.
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