Bitcoin Cash BCH/USD is trading at 478. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. As part of the forecast for the digital currency, the Ichimoku Kinko Hyo signal line area test is expected near the 515 level, from which it is expected to attempt a rebound and continue the fall of the BCH/USD cryptocurrency with a target below the level of 360.
Bitcoin Cash forecast & analysis BCH/USD August 15, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the channel, as well as a test of the resistance level. Earlier, a medium strength signal was received for the sell of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at 810 level.
The cancellation of the variant of the BCH/USD quotes drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the level of 620, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the crypto currency. Expect the acceleration of the fall in quotations BCH/USD stands with the breakdown of the support area and closing below the level of 455.
Bitcoin Cash forecast & analysis BCH/USD August 15, 2018 suggests an attempt to correct the cryptocurrency and test level 515, from which it is expected to continue the decline of the Bitcoin Cash with a potential target near the level of 360, the abolition of the decline option will make a strong growth and breakdown of the area 630, in this case we should expect a change in the current downtrend.
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