Bitcoin Cash BCH/USD is trading at 631. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud is expected to test near the level 655, from which it is worth to expect a rebound attempt and continue falling with a target below the level of 480.
Bitcoin Cash forecast & analysis BCH/USD April 10, 2018
An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel. Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at 630 level.
The cancellation of the variant of the BCH/USD quotations drop will be the breakdown of the upper boundary of the indicator Cloud and the closing above the level of 680, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations BCH/USD stands with the breakdown of the support area and closing below the level of 570.