Bitcoin Cash BCH/USD is trading at the level of 1100. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test near the level 1050 is expected, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency with a target above the level of 1400.
Bitcoin Cash forecast & analysis BCH/USD June 7, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 970.
Canceling the option, the growth of BCH/USD will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Indicator Cloud and the closing below the level of 950, which indicates a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations BCH/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 1250.
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