Bitcoin Cash BCH/USD are trading at 422 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $7 629 292 136. At the moment, we can expect an attempt to test the resistance level near the area 455. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a target below 355.
Bitcoin Cash forecast & technical analysis November 16, 2018
In favor of the fall in BCH/USD quotes, a test of the downward 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 485. This will indicate a breakdown of the upper boundary of the downward channel and the continued growth of the rate of cryptocurrency. With the breakdown of the area of support and the closure of quotes below 385, we should expect confirmation of the development of a bearish trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis November 16, 2018 suggests an attempt to test the resistance area near the level of 455. Where should we expect a rebound and the continuation of the fall of BCH/USD to the area below 355. 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 485 area. This option will indicate continued growth of cryptocurrency.
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