Bitcoin Cash BCH/USD are traded at the level of 515 and continue to move within the framework of strong growth. Capitalization of the cryptocurrency at the time of publication of the forecast is $9 051 905 351. At this point, we should expect an attempt to test the upper boundary of the descending channel near the area of 530. Again, we expect a rebound and the continued decline in the Bitcoin Cash rate with a target below the level of 360.
Bitcoin Cash forecast & technical analysis September 27, 2018
In favor of lowering the quotes BCH/USD will test the trend line on the indicator of relative strength index (RSI). The abolition of the depreciation option will be a strong growth and breakdown of the 575 area, which will indicate the breakdown of the resistance area 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 515, we should expect confirmation of the development of the bearish trend in Bitcoin Cash.
Bitcoin Cash forecast & technical analysis September 27, 2018 suggests a test of the resistance area near the level of 530, from which it is expected to rebound and continue falling BCH/USD in the area below the level of 360, 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 a strong growth and breakdown of the region 575, which will indicate the continued growth of the cryptocurrency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
