Bitcoin Cash BCH/USD is trading at 1311. The cryptocurrency is trading above the upper Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Bitcoin Cash. A test of the top Ichimoku Kinko Hyo near the level of 1250 is expected, from which one should expect a rebound attempt and continue growth with a target above the level of 1680.
Bitcoin Cash forecast & analysis BCH/USD April 27, 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 sell of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 1320.
The cancellation of the growth of BCH/USD quotations will be the breakdown of the lower boundary of the Indicator Cloud and the closing below the level of 1050, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations BCH/USD stands with the breakdown of the resistance area and the closing above the level of 1350.
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