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 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.