Bitcoin Cash BCH/USD are trading at 410 and continue to move as part of the fall. Cryptocurrency capitalization at the time of the publication of the forecast is $7 613 581 333. At the moment, we can expect an attempt to test the resistance level near the 425 area. 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 30, 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 region 450, which will indicate the breakdown of the resistance area and the continuation of the growth of the cryptocurrency exchange rate. With the breakdown of the support area and closing of quotes below the level of 395, we should expect confirmation of the development of the downward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis October 30, 2018 suggests an attempt to test the resistance area near the 425 level, from which we can expect a rebound and the continuation of the fall of BCH/USD to the area below the 375 level, an additional signal in favor of reducing Bitcoin Cash will be the test trend line on the indicator the relative index (RSI), the cancellation of the fall option will be the growth and the breakdown of the region 450, which will indicate the continued growth of the cryptocurrency.