Bitcoin Cash BCH/USD is trading at 870. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the 950 level is expected, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with a target below the level of 750.
Bitcoin Cash forecast & analysis BCH/USD June 13, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a weak signal was received for sell of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at level 1110.
The cancellation of the variant of the BCH/USD quotations drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo indicator Cloud and the closing above the level of 1100, which will indicate the change of the bearish tendency in favor of the bullish trend and the continued growth of the cryptocurrency. Expect the acceleration of the fall in quotes BCH/USD stands with the breakdown of the support area and closing below the level of 800.