Bitcoin Cash BCH/USD is trading at 570. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the level of 590 is expected, from which it is expected to attempt a rebound and continue the fall of the BCH/USD cryptocurrency with a target below the level of 430.
Bitcoin Cash forecast & analysis BCH/USD August 13, 2018
An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel, as well as the test of the resistance region. 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 quotes drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the level of 670, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the crypto currency. Expect to accelerate the fall in quotations BCH/USD stands with the breakdown of the support area and closing below the level of 520.
Bitcoin Cash forecast & analysis BCH/USD August 13, 2018 suggests an attempt at correction of the cryptocurrency and a test of the level of 590, from which it is expected to continue the decline of the Bitcoin Cash rate with a potential target near the level of 430, the cancellation of the decline option will make a strong growth and breakdown of the area 670.
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