Bitcoin Cash BCH/USD are trading at 413 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $7 292 975 266. At the moment, we can expect an attempt to test the resistance level near the 415 area. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a target below 385.
Bitcoin Cash forecast & technical analysis November 1, 2018
In favor of reducing the BCH/USD quotes, a test of the downward trend line on the relative strength index (RSI) will be made. Cancellation of the option of a fall in the cryptocurrency exchange rate will be a strong growth and a breakdown of the 425 region, which will indicate the breakdown of the resistance area and the continued growth of the cryptocurrency exchange rate. With the breakdown of the area of support and closing of quotes below 405, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis November 1, 2018 suggests an attempt to test the resistance area near the 415 level, from which we can expect a rebound and the continuation of BCH/USD falling to below 385, an additional signal in favor of reducing Bitcoin Cash will be a test of the trend line on the relative strength index (RSI), the cancellation of the fall option will be the growth and breakdown of the 425 area, which will indicate continued growth of the cryptocurrency.