Bitcoin Cash BCH/USD is trading at 726. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. The Ichimoku Kinko Hyo cloud is expected to test near the level 735, 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 640.
Bitcoin Cash forecast & analysis BCH/USD July 8, 2018
An additional signal in favor of reducing the cryptocurrency will be a test of the resistance region, as well as a test of the upper boundary of the bearish channel. Earlier, a weak signal was received for sales of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 770.
The cancellation of the variant of the BCH/USD quotation drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo indicator Cloud and the closing above the level of 785, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. To expect confirmation of the decline in quotations BCH/USD stands with the breakdown of the bottom of the uplink and closing below the level of 690.
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