Bitcoin Cash BCH/USD is trading at 533. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. As part of the digital currency forecast, a test of the Ichimoku Kinko Hyo Cloud’s lower boundary near the level of 545 is expected, from which it is expected to attempt a rebound and continue the fall of the BCH/USD cryptocurrency with a target below 465.
Bitcoin Cash forecast & analysis BCH/USD August 26, 2018
An additional signal in favor of reducing the cryptocurrency will be a resistance level test, as well as a rebound from the upper limit of the «Triangle» model. Earlier, a medium strength signal was received for the sell of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at 555 level.
The abolition of the BCH/USD decline will be a breakdown of the upper Ichimoku Kinko Hyo Cloud and a close above the level of 560, 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 decline in quotes BCH/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 495.
Bitcoin Cash forecast & analysis BCH/USD August 26, 2018 suggests an attempt to correct the cryptocurrency and test level 545, from which it is expected to continue the decline in the rate of Bitcoin Cash with a potential target near the level of 465, the cancellation of the fall version will make a strong growth and breakdown of the area 560, in this case expect growth to continue.
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