Bitcoin Cash BCH/USD are trading at 518 and continue to move as part of a sideways correction. Cryptocurrency capitalization at the time of the publication of the forecast is $9 081 355 741. At the moment, we can expect an attempt to test the support level near 505. Where will we expect a rebound and continued growth of the Bitcoin Cash rate with the goal above 635.
Bitcoin Cash forecast & technical analysis October 10, 2018
In favor of the growth of BCH/USD quotes, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the growth rate will be the fall and the breakdown of the 470 region, which will indicate the breakdown of the support area and the continuation of the fall of the cryptocurrency rate. With the breakdown of the upper boundary of the downward channel and the closure of quotes above the level of 575, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis October 10, 2018 suggests an attempt to test the support area near 505, expect a rebound and continue to drop BCH/USD to below 635, an additional signal in favor of Bitcoin Cash growth will be a 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 470 region, which will indicate a continued decline in cryptocurrency.
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