Bitcoin Cash BCH/USD is traded at 722. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Bitcoin Cash. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 735, 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 655.
Bitcoin Cash forecast & analysis BCH/USD July 16, 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 weak signal was received for buy of Bitcoin Cash cryptocurrency, due to crossing of signal lines at 685 level.
The cancellation of the variant of the BCH/USD quotes drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo indicator Cloud and the closing above the level of 755, which indicates a change in the flat trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect the acceleration of the decline in BCH/USD quotations and the resumption of the bearish trend with the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary and the closing below the level of 690.
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