Bitcoin Cash ends the trading week at 424 and continues to move as part of the formation of the «Triangle» model. At the moment, we can expect an attempt to test the resistance area near the level of 495. Where again we should expect a rebound and an attempt to continue the development of a fall on Bitcoin Cash with a target below 280.
Bitcoin Cash weekly forecast & analysis October 22 — 26, 2018
The test of the broken trend line on the relative strength index (RSI) will be in favor of the fall in BCH/USD quotes on the current trading week of October 22 — 26, 2018. Cancellation of the option of falling cryptocurrency Bitcoin Cash will be a strong growth and a breakdown of the 570 area, which will indicate a breakdown of the upper boundary of the Triangle model and continued growth of BCH/USD. Confirmation of a decline in cryptocurrency will be a breakdown of the lower boundary of the «Triangle» model and the closure of quotes below the level of 390.
Bitcoin Cash weekly forecast & analysis October 22 — 26, 2018 implies an attempt to test the resistance area near 495 and continue to decline below 280, an additional signal in favor of Bitcoin Cash falling is a test of the trend line on the relative strength index (RSI); strong growth and the breakdown of the 570 region, which will indicate continued growth in cryptocurrency.