Bitcoin Cash BCH/USD are trading at 435 and continue to move as part of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $7 706 426 835. At the moment, we can 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 385.
Bitcoin Cash forecast & technical analysis October 26, 2018
In favor of reducing the BCH/USD quotes, a test of the downward trend line on the relative strength index (RSI) will be made. Cancellation of the option of a fall in the cryptocurrency exchange rate will be a strong growth and a breakdown of the 465 area, which will indicate the breakdown of the resistance area and the continued growth of the cryptocurrency exchange 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 26, 2018 implies an attempt to test the resistance area near the 440 level, from which we can expect a rebound and the continuation of the fall of BCH/USD to the area below the 385 level, the cancellation of the fall option will be the growth and the breakdown of the 465 area, which will indicate continued growth of the cryptocurrency.