Bitcoin Cash BCH/USD is traded at the level of 650. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Bitcoin Cash. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level 655, from which it is expected to attempt a rebound and continue falling with a target below the level of 530.
Bitcoin Cash forecast & analysis BCH/USD April 12, 2018
An additional signal in favor of the fall of the cryptocurrency will be the upper bound of the «Triangle» model. 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 quotes 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 flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotes BCH/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 615.