Bitcoin Cash BCH/USD is trading at 723. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. The Ichimoku Kinko Hyo cloud is expected to test near the level 730, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with a target below the level of 575.
Bitcoin Cash forecast & analysis BCH/USD July 2, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, 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 the crossing of signal lines at the level of 700.
The cancellation of the variant of the BCH/USD quotation drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo indicator Cloud and the closing above the 795 level, 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 closing below the level of 650.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
