Bitcoin Cash BCH/USD is traded at 744. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the 735 level is expected to be tested near the level 735, from which it is expected to attempt a rebound and continue the growth of the BCH/USD cryptocurrency with a target higher than the 865 level.
Bitcoin Cash forecast & analysis BCH/USD July 10, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area, as well as the formation of an inverted «Head and Shoulders» model. Earlier, a medium strength signal was obtained for buy of Bitcoin Cash cryptocurrency, due to crossing of signal lines at 745 level.
The cancellation of the growth of BCH/USD quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo indicator Cloud and the closing below the level of 720, which indicates a change in the flat trend in favor of a bearish and the continued fall of the cryptocurrency. To expect confirmation of the growth of BCH/USD quotations and the resumption of the upward trend is due to the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the level of 800.
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