Bitcoin Cash forecast & analysis BCH/USD April 2, 2018


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Bitcoin Cash BCH/USD is trading at 623. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test is expected near the level of 670, from which it is expected to attempt a rebound and continue falling with a target below the level of 490.

Bitcoin Cash forecast & analysis BCH/USD April 2, 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 sell of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 980.

Bitcoin Cash forecast & analysis BCH/USD April 2, 2018

The cancellation of the variant of the BCH/USD price fall will be the breakdown of the upper boundary of the indicator Cloud and the closing above the level of 820, 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 580.


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