Bitcoin Cash BCH/USD is trading at 542. 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 560 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 400.
Bitcoin Cash forecast & analysis BCH/USD August 14, 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 «Triangle» model boundary test. 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 price fall will be the breakdown of the upper Ichimoku Kinko Hyo Cloud and the closing above the level of 630, 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 lower limit of the model «Triangle» and the closing below the level of 505.
Bitcoin Cash forecast & analysis BCH/USD August 14, 2018 suggests an attempt at correction of the cryptocurrency and test level 560, from which it is expected to continue the decline of the Bitcoin Cash with a potential target near the level of 400, the abolition of the decline option will make a strong growth and breakdown of the area 630.
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