Bitcoin Cash BCH/USD are trading at 418 and continue to move in a downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $7 397 293 429. At the moment, we can expect an attempt to test the resistance level near the 430 area. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a target below 385.
Bitcoin Cash forecast & technical analysis November 2, 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 falling cryptocurrency exchange rate will be a strong growth and the breakdown of the 455 area, which will indicate the breakdown of the resistance area and the continued growth of the cryptocurrency exchange rate. With the breakdown of the area of support and closing of quotes below the level of 400, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis November 2, 2018 imply an attempt to test the resistance area near the 430 level, from which we can expect a rebound and the continuation of the fall of BCH/USD to the area below 385, cancellation of the fall option will be the growth and breakdown of the 455 area, which will indicate continued growth of the cryptocurrency.
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