Bitcoin Cash BCH/USD is trading at 568. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, indicating a lateral trend in Bitcoin Cash. As part of the digital currency forecast, the Ichimoku Kinko Hyo Cloud upper limit test is expected near the 575 level, from which it is expected to attempt a rebound and continue the fall of the BCH/USD cryptocurrency with a target below 445.
Bitcoin Cash forecast & analysis BCH/USD August 20, 2018
An additional signal in favor of the decline of the cryptocurrency will be a rebound from the resistance level, as well as the formation of the «Head and Shoulders» reversal model. Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 525.
The abolition of the BCH/USD decline will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the level of 620, which will indicate a change in the flat trend in favor of the bullish trend and the continued growth of the crypto currency. To expect confirmation of the decline in quotations BCH/USD stands with the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below the level of 510.
Bitcoin Cash forecast & analysis BCH/USD August 20, 2018 suggests an attempt to correct the cryptocurrency and test the level of 575, where we can expect the continued decline in the rate of Bitcoin Cash with a potential target near the level of 445, the cancellation of the fall version will make a strong increase and breakdown of the area 620, in this case expect growth to continue.
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