Bitcoin Cash BCH/USD are trading at 432 and continue to move as part of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $7 655 542 382. At the moment, we should expect an attempt to test the resistance level near the 440 area. Where again we should expect a rebound and the continuation of the fall of the Bitcoin Cash rate with a target below 365.
Bitcoin Cash forecast & technical analysis October 24, 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 cryptocurrency will be a strong growth and the breakdown of the area 470, which will indicate the breakdown of the area of resistance and the continued growth of the rate of cryptocurrency. With the breakdown of the lower boundary of the «Triangle» model and the closing of quotes below 410, we should expect confirmation of the development of a downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis October 24, 2018 imply an attempt to test the resistance area near the 440 level, from which we can expect a rebound and the continuation of BCH/USD falling to below 365, 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 470 region, which will indicate continued growth of the cryptocurrency.
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