Bitcoin Cash BCH/USD is traded at 830. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating 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 27, 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 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 765, 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 890.