Bitcoin Cash forecast & technical analysis October 19, 2018


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Bitcoin Cash BCH/USD are trading at 438 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $7 797 888 865. At the moment, we can expect an attempt to test the resistance level near the area 455. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with the goal below 375.

Bitcoin Cash forecast & technical analysis October 19, 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 485 area, which will indicate the breakdown of the resistance area 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 19, 2018

Bitcoin Cash forecast & technical analysis October 19, 2018 imply 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, an additional signal in favor of reducing Bitcoin Cash will be the test trend line on the relative strength index (RSI), the cancellation of the fall option will be the growth and the breakdown of the 485 area, which will indicate continued growth of the cryptocurrency.


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