Bitcoin Cash BCH/USD is trading at 861. The cryptocurrency is traded 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 900 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 670.
Bitcoin Cash forecast & analysis BCH/USD June 16, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. Earlier, a weak signal was received for sell of the Bitcoin Cash cryptocurrency, due to the crossing of signal lines at level 1110.
Cancellation option quotations fall BCH/USD will breakdown upper limit Clouds indicator Ichimoku Kinko Hyo and closing above the level 1000, which points to shift bearish trend in favor of continuing bullish trend and cryptocurrency growth. Expect the acceleration of the fall in quotes BCH/USD stands with the breakdown of the lower limit of the model «Triangle» and closing below the level of 800.
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