Bitcoin Cash BCH/USD is completing the trading week near the area of 858. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. In the current trading week, the Ichimoku Kinko Hyo signal line area is expected to test near 1090, from which it is expected to attempt a rebound and continue to develop a bearish trend with a target below the 425 level.
Bitcoin Cash (BCH/USD) forecast June 18 — 22, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the downlink, as well as a test of the resistance level. Earlier, a weak signal was received for sell of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 1450.
The cancellation of the variant of the BCH/USD quotations fall will be the breakdown of the upper boundary of the Indicator Cloud and the closing above the level of 1250, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations is with the breakdown of the lower boundary of the channel and closing below the level of 700.
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