Bitcoin Cash forecast & analysis BCH/USD August 6, 2018


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Bitcoin Cash BCH/USD is traded at the level of 706. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test is near the 725 level, 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 605.

Bitcoin Cash forecast & analysis BCH/USD August 6, 2018

An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area, as well as a test of the upper boundary of the bearish channel. Earlier, a medium strength signal was received for the sell of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at 810 level.

Bitcoin Cash forecast & analysis BCH/USD August 6, 2018

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 775, 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 the closure below the level of 665.

Bitcoin Cash forecast & analysis BCH/USD August 6, 2018 suggests an attempt at correction of the crypto currency and test level 725, from which it is expected to continue the decline of the Bitcoin Cash with a potential target near the level of 605, the abolition of the decline option will make a strong growth and breakdown of the region 775.


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