Bitcoin Cash BCH/USD are trading at 182 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $3 332 954 721. At the moment, we can expect an attempt to test the resistance level near the area 190. Where again we should expect a rebound and the continued decline of Bitcoin Cash with a target below 105.
Bitcoin Cash forecast & technical analysis November 30, 2018
In favor of lowering BCH/USD quotes, a test of a broken trend line on the relative strength index (RSI) will be made. Cancellation of the option to reduce the rate of Bitcoin Cash will be a strong growth and a breakdown of the 210 area. This will indicate a breakdown of the upper boundary of the downward channel and continued growth of the cryptocurrency rate. With the breakdown of the area of support and closing of quotes below the level of 170, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis November 30, 2018 suggests an attempt to test the resistance area near the level of 190. Where should we expect a rebound and the continuation of BCH/USD decline to the area below 105. An additional signal in favor of Bitcoin Cash is a test of the trend line on the relative strength index (RSI). Cancellation of the reduction option will be a strong growth and the breakdown of the 210 area. This will indicate continued growth in cryptocurrency.
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