Bitcoin Cash BCH/USD is trading at 851. The cryptocurrency is traded above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the level of 815 is expected, 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 950.
Bitcoin Cash forecast & analysis BCH/USD July 25, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area. Earlier, a medium strength signal was obtained for the buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at level 805.
The cancellation of the growth of BCH/USD quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Indicator Cloud and the closing below the level of 760, which will indicate a change in the bullish trend in favor of the bearish trend and the continuation of the fall of the cryptocurrency. Expect to accelerate the growth of quotations BCH/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 895.
