Bitcoin Cash BCH/USD are trading at 514 and continue to move in the ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $9 045 532 269. At the moment, we can expect an attempt to test the lower limit of the bullish 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 the 625 level.
Bitcoin Cash forecast & technical analysis October 5, 2018
In favor of the growth of BCH/USD quotes, a test of the trend line on the relative strength index (RSI) will come out. 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 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 5, 2018 implies an attempt to test the support area near 495 level, from which we should expect a rebound and the continuation of BCH/USD falling to below 625, 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 470 region, which will indicate a continued decline in cryptocurrency.
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