Bitcoin Cash ends the trading week at 165 and continues to move as part of the fall. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to test the resistance area near the level of 305. Where again we should expect a rebound and an attempt to continue the development of a fall in Bitcoin Cash with a target below level 50.
Bitcoin Cash weekly forecast December 3 — 7, 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 3 — 7, 2018. Cancellation of the option of falling cryptocurrency Bitcoin Cash will be a strong growth and a breakdown of the area of 350. This will indicate a breakdown of the upper boundary of the downward channel and continued growth of BCH/USD. Confirmation of a decline in cryptocurrency will be a breakdown of the support area and closing of quotes below the level of 115.
Bitcoin Cash weekly forecast December 3 — 7, 2018 suggests an attempt to test the resistance area near the level of 305. Then a further decline to the region below the level of 50. An additional signal in favor of Bitcoin Cash falling will be a test of the trend line on the relative strength index (RSI). The abolition of the reduction option will be a strong growth and a breakdown of the region of 350. This will indicate continued growth in cryptocurrency.
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