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.
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.