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 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.