Bitcoin Cash ends the trading week at 507.45 and continues to move as part of the formation of an inverted «Head and Shoulders» model. At the moment, we should expect an attempt to test the support area near the level of 400.00. Where can we again expect a rebound and an attempt to continue the development of growth in Bitcoin Cash with a target above 750.00.
Bitcoin Cash weekly forecast & analysis October 8 — 12, 2018
A test of the support line on the relative strength index (RSI) will be in favor of the growth of BCH/USD quotes in the current trading week of October 8 — 12, 2018. Cancellation of the growth option Bitcoin Cash will be the fall and the breakdown of the area of 385.00, which will indicate the breakdown of the lower boundary of the model and the continuation of the fall of BCH/USD. Confirmation of the growth of cryptocurrency will be the breakdown of the resistance area and the closure of quotations above the level of 620.00.
Bitcoin Cash weekly forecast & analysis October 8 — 12, 2018 implies an attempt to test the support area near the level of 400.00 and continue growth to the area above 750.00, an additional signal in favor of the growth of Bitcoin Cash will be the test of the support line on the relative strength index (RSI).
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