Bitcoin Cash BCH/USD is traded at the level of 764. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a lateral trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud near the 755 level is expected to be tested near the level of 755, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency BCH/USD with a target above the level of 900.
Bitcoin Cash forecast & analysis BCH/USD July 9, 2018
An additional signal in favor of reducing the cryptocurrency will be a test of the support area, as well as the formation of an inverted «Head and Shoulders» model. Earlier, a weak signal was received for sell of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 770.
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 720, which indicates a change in the flat trend in favor of a bearish and the continued fall of the crypto currency. To expect confirmation of the growth of BCH/USD quotations and the resumption of the bullish trend is due to the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the level of 800.
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