Bitcoin Cash forecast & technical analysis October 18, 2018


Bitcoin Cash BCH/USD are trading at 442 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $7 910 169 702. At the moment, we can expect an attempt to test the resistance level near the 465 area. 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 18, 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 a fall in the course will be a strong growth and a breakdown of the 495 region, which will indicate a breakdown of the resistance area and the continuation of the 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 18, 2018

Bitcoin Cash forecast & technical analysis October 18, 2018 implies 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 375 level, cancellation of the fall option will be a strong growth and a breakdown of the 495 region, which will indicate continued growth in cryptocurrency.


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