Bitcoin Cash BCH/USD is trading at 632. The cryptocurrency is trading 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 685 level, from which it is expected to attempt a rebound and continue falling with a target below the level of 500.
Bitcoin Cash forecast & analysis BCH/USD April 6, 2018
An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, a strong signal was received for sell of the Bitcoin Cash cryptocurrency, due to crossing of the signal lines at the level of 650.
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 800, which will indicate a change in the bearish 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 600.