Bitcoin Cash ends the trading week at 160 and continues to move as part of the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to fall and a test of the support area near the level of 95. Where again we should expect a rebound and an attempt to continue growth on Bitcoin Cash with a target above 235.
Bitcoin Cash weekly forecast & analysis January 7 — 11, 2019
In favor of the growth of BCH/USD quotes on the current trading week of January 7 — 11, 2019, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the cryptocurrency growth option Bitcoin Cash will be a fall and a breakdown of 80. This will indicate a breakdown of the support level and a continued decline in BCH/USD. Confirmation of the growth of cryptocurrency will be the breakdown of the resistance area and the closure of quotations above 245.
Bitcoin Cash weekly forecast & analysis January 7 — 11, 2019 implies an attempt to test the support area near level 95. Then continued growth to the area above the level 235. An additional signal in favor of the growth of Bitcoin Cash is the test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area of 80. This will indicate a continued decline in cryptocurrency.