Bitcoin Cash BCH/USD is traded at 687. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the level 720 is expected, 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 630.
Bitcoin Cash forecast & analysis BCH/USD July 12, 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 sale 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 quotations BCH/USD stands with the breakdown of the support area and the closure below the level of 665.