Bitcoin Cash BCH/USD is trading at 691. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. As part of the forecast for the course, the Ichimoku Kinko Hyo Cloud lower limit test is expected 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 620.
Bitcoin Cash forecast & analysis BCH/USD July 11, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance region, as well as a test of the lower boundary of the bullish channel. Earlier, a medium strength signal was received for the sell of Bitcoin Cash cryptocurrency, by crossing signal lines at 735.
The cancellation of the variant of the BCH/USD quotations drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo indicator Cloud and the closing above the level of 765, 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 quotes BCH/USD is with the breakdown of the support area and closing below the level of 660.
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