Bitcoin Cash BCH/USD are traded at the level of 442 and continue to move within the framework of the formation of the «Triangle» model. The capitalization of the cryptocurrency at the time of publication of the forecast is $7 749 471 362. At this point, you should expect a test of the support level near the area of 455. Where again we should expect a rebound and the continued decline of the Bitcoin Cash rate with a target below the level of 350.
Bitcoin Cash forecast & technical analysis September 18, 2018
In favor of the growth of quotations BCH/USD will test the bullish trend line on the indicator of relative strength index (RSI). The abolition of the reduction option will be a strong growth and breakdown of the 485 area, which will indicate the breakdown of the upper limit of the «Triangle» model and the continued growth of the rate of the cryptocurrency. With the breakdown of the lower bound of the «Triangle» model and the closing of quotations below the level 410, it is necessary to expect confirmation of the development of the bearish trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis September 18, 2018 suggests a test of the resistance area near the level of 455, from which it is expected to rebound and continue falling BCH/USD in the area below the level of 350, an additional signal in favor of Bitcoin Cash decline will test the trend line on the indicator relative strength index (RSI), the cancellation of the fall option will be strong growth and breakdown of the region 485, which will indicate the continued growth of the cryptocurrency.
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