Bitcoin Cash BCH/USD is traded at the level of 799. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the 805 level is expected to be tested near the 805 level, from which it is expected to attempt a rebound and continue the fall of the BCH/USD cryptocurrency with a target below the level of 695.
Bitcoin Cash forecast & analysis BCH/USD July 31, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area. Earlier, a medium strength signal was received for the sell of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at 810 level.
The cancellation of the variant of the BCH/USD price fall will be the breakdown of the upper Ichimoku Kinko Hyo Cloud and the closing above the level of 775, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect to accelerate the fall in quotations BCH/USD stands with the breakdown of the lower boundary of the model «Triangle» and closing below the level of 765.