Bitcoin Cash BCH/USD are traded at 415 and continue to move in the fall. The capitalization of the cryptocurrency at the time of publication of the forecast is $7 204 059 603. At this point, we should expect an attempt to test the upper border of the channel near area 435. Where again we should expect a rebound and the continued decline in the rate of Bitcoin Cash with a target below 370.
Bitcoin Cash forecast & technical analysis September 19, 2018
In favor of falling quotations BCH/USD will perform a downtrend test on the indicator of relative strength index (RSI). The abolition of the reduction option will be a strong growth and breakdown of the area of 455, which will indicate the breakdown of the upper border of the channel and the continued growth of the rate of the cryptocurrency. With the breakdown of the support area and the closing of quotes below the level of 400, one should expect confirmation of the development of a bearish trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis September 19, 2018 suggests a test of the resistance area near the level of 435, from which it is expected to rebound and continue falling BCH/USD in the area below the level of 370, an additional signal in favor of Bitcoin Cash decline will test the trend line on the indicator relative strength index (RSI), the abolition of the fall option will be a strong growth and breakdown of the region 455, which will indicate the continued growth of the cryptocurrency.
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