Bitcoin Cash ends the trading week at 217 and continues to move as part of strong growth. Moving averages indicate a downward trend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 365. Where once again we should expect a rebound and an attempt to continue the development of a fall on Bitcoin Cash with a target below 65.
Bitcoin Cash weekly forecast December 24 — 28, 2018
A test of the trend line on the relative strength index (RSI) will be in favor of the fall in BCH/USD quotes in the current trading week December 24 — 28, 2018. Cancellation of the option of falling cryptocurrency Bitcoin Cash will be a strong growth and a breakdown of the area 420. This will indicate a breakdown of the upper boundary of the downward channel and continued growth of BCH/USD. Confirmation of a decrease in cryptocurrency will be a breakdown of the support area and closing of quotes below the 155 level.
Bitcoin Cash weekly forecast December 24 — 28, 2018 implies an attempt to test the resistance area near level 365. Then a further decline to the area below level 65. An additional signal in favor of Bitcoin Cash falling is a trend line test on the relative strength index (RSI). The abolition of the reduction option will be a strong growth and a breakdown of the region 420. This will indicate a continued growth in cryptocurrency.
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