Bitcoin Cash BCH/USD are trading at 504 and continue to move as part of a flat correction. Cryptocurrency capitalization at the time of the publication of the forecast is $8 868 182 143. At the moment, we should expect an attempt to test the support level near the region of 500. Where can we expect a rebound again and continued growth of the Bitcoin Cash rate with a target above 585.
Bitcoin Cash forecast & technical analysis October 11, 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 resistance area and the closing 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 11, 2018 imply an attempt to test the support area near the level of 500, from which we should expect a rebound and the continuation of the fall of BCH/USD to the area below 585, an additional signal in favor of the growth of Bitcoin Cash will be the test trend line on the indicator relative 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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