BCH/USD are trading at 262.20 and continue to move as part of strong growth and a bearish channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 913 986 289. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash, but prices have broken signal lines, indicating strong pressure from the bulls. As part of the cryptocurrency forecast for October 29, 2019, one should expect an attempt to correct the value of the asset and test the support level near the area of 235.05. Where again we should expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 345.05.
Bitcoin Cash Forecast and Analysis BCH/USD October 29, 2019
An additional signal in favor of raising the 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 upper border of the downward channel. The cancellation of the growth option for the Bitcoin Cash cryptocurrency rate on October 29, 2019 will be a fall and a breakdown of the area of 205.05. This will indicate a breakdown of the support area and a continued decline in the cryptocurrency rate with a potential target below the area of 165.05. With the breakdown of the upper border of the downward channel and the closing of quotations above the level of 285.05, we should expect confirmation of the development of the upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD October 29, 2019 implies an attempt to test the support area near the level of 235.05. Where can we expect a rebound and continued growth of BCH/USD to the area above the level of 345.05. An additional signal in favor of raising 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 205.05. This will indicate a continued fall in cryptocurrency with a potential target below 165.05.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
