Bitcoin Cash BCH/USD traded at 512 and continue to move in the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $8 969 323 138. At the moment, we can expect an attempt to test the lower limit of the upward channel near the area of 495. Where again can we expect a rebound and continued growth of the Bitcoin Cash rate with the goal above 620.
Bitcoin Cash forecast & technical analysis October 4, 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 470 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 resistance area and the closing of quotes above the level of 560, one should expect confirmation of the development of the upward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis October 4, 2018 imply an attempt to test the support area near 495 level, from which we can expect a rebound and the continuation of BCH/USD falling to below 620, an additional signal in favor of Bitcoin Cash growth will be a test of the trend line on the relative strength index (RSI), the cancellation of the growth option will be the fall and the breakdown of the 470 region, which will indicate a continued decline in cryptocurrency.
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