Bitcoin Cash BCH/USD is trading at 718. The cryptocurrency is trading above the upper Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud Upper Test is expected near the level of 710, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency with a target above the level of 870.
Bitcoin Cash forecast & analysis BCH/USD July 7, 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. 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 quotes growth will be the breakdown of the lower Ichimoku Kinko Hyo indicator Cloud and the closing below the level 685, which will indicate a change in the bullish trend in favor of the bearish trend and the continued fall of the crypto currency. Expect the acceleration of the growth of quotations BCH/USD stands with the breakdown of the resistance area and the closing above the level of 780.
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