Bitcoin Cash BCH/USD is trading at 810. The cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the 800 level is expected to be tested, 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 925.
Bitcoin Cash forecast & analysis BCH/USD July 29, 2018
An additional signal in favor of the growth of the cryptocurrency will be the support area test, as well as the lower bound of the «Triangle» model. Earlier, a weak signal was received for sales of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 815.
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. To expect confirmation of 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 875.