Bitcoin Cash forecast & technical analysis October 12, 2018


Recommended Broker

Bitcoin Cash BCH/USD are trading at 440 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $7 834 472 654. At the moment, we should expect an attempt to test the resistance level near 465. Where will we expect a rebound again and the continuation of the fall of Bitcoin Cash with a target below 370.

Bitcoin Cash forecast & technical analysis October 12, 2018

In favor of lowering BCH/USD quotes, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the option of falling of the course will be a strong growth and the breakdown of the region 500, which will indicate the breakdown of the area of ​​resistance and the continued growth of the cryptocurrency rate. With the breakdown of the area of ​​support and closing of quotes below the level of 415, we should expect confirmation of the development of the downward trend in Bitcoin Cash.

Bitcoin Cash forecast & technical analysis October 12, 2018

Bitcoin Cash forecast & technical analysis October 12, 2018 imply an attempt to test the resistance area near the 465 level, from which we should expect a rebound and the continuation of the fall of BCH/USD to the area below the 370 level, an additional signal in favor of reducing Bitcoin Cash will be a test of the trend line relative strength index (RSI), the cancellation of the fall option will be a strong growth and the breakdown of the region 500, which will indicate continued growth of cryptocurrency.


Join our Telegram Channel

Post Comment