Bitcoin Cash forecast & technical analysis October 16, 2018


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Bitcoin Cash BCH/USD are trading at 443 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $8 023 382 025. At the moment, we can expect an attempt at a test of the resistance level near 465. Where will we again expect a rebound and the continuation of the fall of Bitcoin Cash with a target below 365.

Bitcoin Cash forecast & technical analysis October 16, 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 16, 2018

Bitcoin Cash forecast & technical analysis October 16, 2018 imply an attempt to test the resistance area near the 465 level, from which we should expect a rebound and the continuation of BCH/USD falling to below 365, an additional signal in favor of reducing Bitcoin Cash will be a test of the trend line on the indicator 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.


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