Bitcoin Cash ends the trading week at 432 and continues to move as part of the formation of the «Triangle» model. At the moment, we should expect an attempt to test the resistance area near the 465 level. Where again we should expect a rebound and an attempt to continue the development of a fall on Bitcoin Cash with a target below 240.
Bitcoin Cash weekly forecast October 29 — November 2, 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 October 29 — November 2, 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 390 level.
Bitcoin Cash weekly forecast October 29 — November 2, 2018 suggests an attempt to test the resistance area near the 465 level and continue to decline to below 240, an additional signal in favor of Bitcoin Cash falling is a test of the trend line on the relative strength index (RSI), canceling the reduction option there will be a strong growth and a breakdown of the 570 region, which will indicate continued growth in cryptocurrency.
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