Analysis for 2020-06-14
Zcash (ZEC) The test of the broken trend line on the relative strength index (RSI) will be in favor of the fall in BCH/USD quotes. Cancellation of the option to reduce the rate of cryptocurrency will be a strong growth and the breakdown of the 335 region. This will indicate a breakdown of the resistance area and continued growth of the cryptocurrency rate with a potential target above the area of 365. With the breakdown of the support area and the closure of quotes below 265, we should expect confirmation of the development of a downward trend in Bitcoin Cash. Bitcoin Cash forecast & technical analysis October 4, 2024 imply an attempt to test the resistance area near the level of 345.