Bitcoin Cash forecast & technical analysis November 16, 2018


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

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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