Bitcoin Cash BCH/USD quotes are trading at 469 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $8 402 564 240. At the moment, we should expect an attempt to test the resistance level near the 510 area.
Bitcoin Cash forecast & technical analysis November 15, 2018
In favor of the fall in BCH/USD quotes, a test of the bearish trend line on the relative strength index (RSI) will come out. Cancellation of the option of reducing the rate of cryptocurrency will be a strong growth and the breakdown of the area of 535. This will indicate the breakdown of the area of resistance and the continued growth of the rate of cryptocurrency. With the breakdown of the support area and the closure of quotes below the level of 455, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis November 15, 2018 implies an attempt to test the resistance area near the level of 510. Where should we expect a rebound and the continuation of BCH/USD falling to the area below 400. An additional signal in favor of reducing Bitcoin Cash will be a test of the trend line relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the region of 535. This option will indicate continued growth of cryptocurrency.
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