Bitcoin Cash BCH/USD is trading at the level of 602. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. The Ichimoku Kinko Hyo signal line area test is expected near the level of 635, from which it is expected to attempt a rebound and continue the fall of the BCH/USD cryptocurrency with a target below 470.
Bitcoin Cash forecast & analysis BCH/USD August 10, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the upper boundary of the channel, as well as a test of the resistance level. Earlier, a medium strength signal was received for the sell of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at 810 level.
The cancellation of the variant of the BCH/USD quotation drop will be the breakdown of the upper Ichimoku Kinko Hyo Cloud and the closing above the level of 725, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect the acceleration of the fall in quotations BCH/USD stands with the breakdown of the support area and closing below the level of 545.
Bitcoin Cash forecast & analysis BCH/USD August 10, 2018 suggests an attempt to correct the cryptocurrency and test level 635, from which it is expected to continue the decline of the Bitcoin Cash rate with a potential target near the level of 470, the cancellation of the decline option will make a strong growth and breakdown of the region 725.
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