Bitcoin Cash BCH/USD are trading at 574 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $ 10,136,599,795. At the moment, we can expect an attempt to test the resistance level near the area of 605. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a target below 505.
Bitcoin Cash forecast & technical analysis November 12, 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 reducing the rate of cryptocurrency will be a strong growth and the breakdown of the 635 region. This will indicate the breakdown of the area of resistance and the continued growth of the rate of cryptocurrency. With the breakdown of the area of support and the closure of quotes below 555, we should expect confirmation of the development of the downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis November 12, 2018 imply an attempt to test the resistance area near the level of 605. Where should we expect a rebound and the continuation of BCH/USD decline to the area below 505. An additional signal in favor of reducing Bitcoin Cash will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the 635 region. Such an option would indicate continued growth in cryptocurrency.
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