BCH/USD are trading at 287.82 and continue to move as part of strong growth. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $5 229 823 747. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash, but the lines only crossed. As part of the cryptocurrency forecast for October 31, 2019, we should expect an attempt to correct the asset value and test the support level near the area of 260.05. Where again we should expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target above the level of 375.05.
Bitcoin Cash Forecast and Analysis BCH/USD October 31, 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. Cancellation of the growth option for the Bitcoin Cash cryptocurrency rate on October 31, 2019 will be a fall and a breakdown of the area of 210.05. 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 175.05. With the breakdown of the resistance area and the closing of quotes above the level of 305.05, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash Forecast and Analysis BCH/USD October 31, 2019 implies an attempt to test the support area near the level of 260.05. Where can we expect a rebound and continued growth of BCH/USD to the area above the level of 375.05. 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 210.05. This will indicate a continued fall in cryptocurrency with a potential target below the level of 175.05.
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