Bitcoin Cash BCH/USD is trading at 739. The cryptocurrency is trading above the upper Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Bitcoin Cash. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level 735, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency with a target above the level of 875.
Bitcoin Cash forecast & analysis BCH/USD July 6, 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. Previously it received a weak signal for buy of the cryptocurrency Bitcoin Cash, due to the crossing of the signal lines at 700.
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 695, which will indicate a change in the bullish trend in favor of the bearish trend and the continued 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 closing above the level of 805.
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