Bitcoin Cash forecast & technical analysis October 23, 2018


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Bitcoin Cash BCH/USD are trading at 437 and continue to move as part of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $7 741 157 882. At the moment, we can expect an attempt to test the resistance level near the region 445. 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 23, 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 475 area, which will indicate a breakdown of the resistance area and the continuation of the growth of the cryptocurrency rate. With the breakdown of the lower boundary of the «Triangle» model and the closure of quotes below 415, we should expect confirmation of the development of a downward trend in Bitcoin Cash.

Bitcoin Cash forecast & technical analysis October 23, 2018

Bitcoin Cash forecast & technical analysis October 23, 2018 suggests an attempt to test the resistance area near the level of 445, from which one should expect a rebound and the continuation of BCH/USD falling to below 375, an additional signal in favor of reducing Bitcoin Cash will be a test of the trend line on the relative strength index (RSI), the cancellation of the fall option will be the growth and the breakdown of the 475 region, which will indicate continued growth of the cryptocurrency.


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