Bitcoin Cash BCH/USD are traded at the level of 432 and continue to move within the framework of the formation of the «Triangle» model. Capitalization of the cryptocurrency at the time of publication of the forecast is $7 468 484 999. At this point, we should expect an attempt to test the upper limit of the «Triangle» model near the area of 445. Where again we should expect a rebound and the continued decline in the Bitcoin Cash rate with a target below 365.
Bitcoin Cash forecast & technical analysis September 20, 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 470 area, which will indicate the breakdown of the upper boundary of the model 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 395, one should expect confirmation of the development of the bearish trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis September 20, 2018 suggests a test of the resistance area near the level of 445, from which it is expected to rebound and continue falling BCH/USD in the area below the level of 365, an additional signal in favor of Bitcoin Cash decline will be a test of the trend line on the indicator relative strength index (RSI), the cancellation of the fall option will be a strong growth and breakdown of the 470 area, which will indicate the continued growth of the cryptocurrency.
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