Bitcoin Cash BCH/USD are trading at 438 and continue to move in a bearish channel. The capitalization of cryptocurrency at the time of the publication of the forecast is $7 745 207 437. 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 Bitcoin Cash with the goal below 385.
Bitcoin Cash forecast & technical analysis October 25, 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 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 25, 2018 imply an attempt to test the resistance area near the level of 445, from which we can expect a rebound and the continuation of BCH/USD falling to below 385, 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.