Bitcoin Cash BCH/USD are trading at 518 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $9 124 899 526. At the moment, we can expect an attempt to test the support level near the region of 500. From where again we should expect a rebound and continued growth of the Bitcoin Cash rate with the target above 575.
Bitcoin Cash forecast & technical analysis November 14, 2018
A test of a broken trend line on the relative strength index (RSI) will be in favor of the growth of BCH/USD quotes. As well as the formation of a bull model «Wolfe Wave». Cancellation of the growth rate of the cryptocurrency exchange rate will be a fall and a breakdown of the 470 area. This will indicate a breakdown of the support area and the continuation of the fall of the cryptocurrency exchange rate. With the breakdown of the resistance area and the closure of quotes above the level of 550, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis November 14, 2018 suggests an attempt to test the support area near the level of 500. Where should we expect a rebound and continued growth of BCH/USD to the area above the level of 575. An additional signal in favor of the growth of Bitcoin Cash will be a test of the trend line on the indicator relative index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area of 470. This option will indicate a continued decline in cryptocurrency.
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