Bitcoin Cash ends the trading week at the level of 198 and continues to move as part of the decline. At the moment, we should expect an attempt to test the resistance area near the level of 400. Where again we should expect a rebound and an attempt to continue the development of a fall on Bitcoin Cash with a goal below level 50.
Bitcoin Cash weekly forecast November 26 — 30, 2018
A test of the trend line on the relative strength index (RSI) will be in favor of the fall in BCH/USD quotes on the current trading week on November 26 — 30, 2018. Cancellation of the option of falling cryptocurrency Bitcoin Cash will be a strong growth and a breakdown of 450. This will indicate a breakdown of the upper boundary of the downward channel and continued growth of BCH/USD. A confirmation of the decline in cryptocurrency will be a breakdown of the support area and closing of quotes below level 120.
Bitcoin Cash weekly forecast November 26 — 30, 2018 implies an attempt to test the resistance area near the level of 400. Then a further decline to the area below the level of 50. An additional signal in favor of Bitcoin Cash is a test of the trend line on the relative strength index (RSI). The abolition of the reduction option will be a strong growth and the breakdown of the region 450. This will indicate a continued growth of cryptocurrency.
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