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 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.