Bitcoin Cash BCH/USD is trading at 561. 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 cloud bottom test is expected near the level of 565, 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 460.
Bitcoin Cash forecast & analysis BCH/USD August 18, 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 weak signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 525.
The cancellation of the variant of the BCH/USD quotes drop will be the breakdown of the upper Ichimoku Kinko Hyo Cloud and the closing above the level of 600, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect the acceleration of the fall in quotations BCH/USD is with the breakdown of the support area and closing below the level of 495.
Bitcoin Cash forecast & analysis BCH/USD August 18, 2018 suggests an attempt to correct the cryptocurrency and test the level of 565, where we can expect the continued decline in the exchange rate of Bitcoin Cash with a potential target near the level of 460, the abolition of the decline option will make a strong growth and breakdown of the area of 600, in this case we should expect a change in the current bearish trend.
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