Bitcoin Cash Forecast and Analysis BCH/USD October 10, 2019


BCH/USD are trading at 237.90 and continue to move as part of the growth and bullish channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 311 679 354. Moving averages indicate the presence of a short-term sideways trend in Bitcoin Cash. As part of the cryptocurrency forecast for October 10, 2019, one should expect an attempt to reduce the value of the asset and test the support level near the area of ​​225.05. Where again we should expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 280.95.

Bitcoin Cash Forecast and Analysis BCH/USD October 10, 2019

An additional signal in favor of the growth of quotes of the digital asset BCH/USD will be a test of the upward trend line on the relative strength index (RSI). The second signal in favor of the growth of BCH/USD quotes will be a rebound from the lower border of the rising channel. Cancellation of the option to raise the Bitcoin Cash cryptocurrency rate on October 10, 2019 will be a fall and a breakdown of the area of ​​210.05. This will indicate a breakdown of the lower boundary of the ascending channel and a continued cryptocurrency rate drop with a potential target below the area of ​​185.05. With the breakdown of the upper boundary of the upward channel and the closing of quotations above 265.05, we should expect confirmation of the development of an upward trend in Bitcoin Cash.

Bitcoin Cash Forecast and Analysis BCH/USD October 10, 2019

Bitcoin Cash Forecast and Analysis BCH/USD October 10, 2019 implies an attempt to test the support area near the level of 225.05. Where can we expect a rebound and continued growth of BCH/USD to the area above the level of 280.95. An additional signal in favor of the growth of the digital asset Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the area of ​​210.05. This will indicate a continued decline in cryptocurrency with a potential target below the level of 185.05.


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