Bitcoin Cash BCH/USD is traded at 771. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud is expected to test near the 765 level, from which it is expected to attempt a rebound and continue the growth of the BCH/USD cryptocurrency with a target above the level of 870.
Bitcoin Cash forecast & analysis BCH/USD July 22, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area, as well as the test of the lower boundary of the channel. Earlier, a weak signal was received for sell of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 805.
The cancellation of the variant of the BCH/USD quotation growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo indicator Cloud and the closing below the level of 720, which will indicate a change in the bullish trend in favor of the bearish trend and the continued fall of the cryptocurrency. Expect the acceleration of the growth of quotations BCH/USD stands with the breakdown of the resistance area and the closing above the level of 825.
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