Bitcoin Cash BCH/USD are trading at 446 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $8 035 212 610. At the moment, we can expect an attempt to test the resistance level near area 465. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a target below 375.
Bitcoin Cash forecast & technical analysis October 17, 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 bearish trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis October 17, 2018 implies an attempt to test the resistance area near the 465 level, from which we can expect a rebound and the continuation of the fall of BCH/USD to the area below the 375 level, 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.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
