Bitcoin Cash forecast & analysis BCH/USD April 6, 2018


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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.

Bitcoin Cash forecast & analysis BCH/USD April 6, 2018

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.

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