Bitcoin Cash BCH/USD are trading at 549 and continue to move along the uplink. Cryptocurrency capitalization at the time of the publication of the forecast is $9 700 036 055. At the moment, we can expect an attempt to test the support level near the 530 area. Where again we should expect a rebound and continued growth of the Bitcoin Cash rate with the goal above the 615 level.
Bitcoin Cash forecast & technical analysis November 6, 2018
In favor of the growth of quotations BCH/USD will test the rising trend line on the indicator of relative strength index (RSI). Cancellation of the growth rate of the cryptocurrency exchange rate will be the fall and the breakdown of the area 505, which will indicate a breakdown of the lower boundary of the ascending channel and the continuation of the fall of the cryptocurrency exchange rate. With the breakdown of the resistance area and the closure of quotations above 400, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis November 6, 2018 imply an attempt to test the support area near the 530 level, from which we should expect a rebound and continued BCH/USD growth to the area above the 615 level, an additional signal in favor of the Bitcoin Cash growth will be the test of the trend line on the relative strength index (RSI), the cancellation of the growth option will be the fall and the breakdown of the 505 region, which will indicate a continued decline in cryptocurrency.