Bitcoin Cash BCH/USD are trading at 527 and continue to move as part of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $9 263 914 515. At the moment, we can expect an attempt to test the lower limit of the ascending channel near the area 515. Where can we expect a rebound and continued growth of the Bitcoin Cash rate with the target above 600.
Bitcoin Cash forecast & technical analysis October 3, 2018
In favor of the growth of quotations BCH/USD will test the trend line on the indicator of relative strength index (RSI). Cancellation of the growth rate will be the fall and the breakdown of the 490 region, which will indicate a breakdown of the lower boundary of the ascending channel and the continuation of the fall of the cryptocurrency exchange rate. With the breakdown of the upper boundary of the «Triangle» model and the closure of quotes above the level of 560, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis October 3, 2018 implies an attempt to test the support area near the 515 level, from which we should expect a rebound and the continuation of BCH/USD falling to below 600, an additional signal in favor of Bitcoin Cash growth will be a test of the trend line on the indicator relative strength index (RSI), the cancellation of the growth option will be the fall and the breakdown of the 490 region, which will indicate a continued decline in cryptocurrency.
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