Bitcoin Cash BCH/USD are trading at 514 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $9 024 509 839. At the moment, we can expect an attempt to test the support level near 495. Where again we should expect a rebound and the continued growth of the Bitcoin Cash rate with a target above the level of 605.
Bitcoin Cash forecast & technical analysis October 9, 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 upper boundary of the «Wedge» model and the closing of quotes above the level of 530, we should expect confirmation of the development of an upward trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis October 9, 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 605, 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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