Bitcoin Cash forecast & analysis BCH/USD June 18, 2018


Bitcoin Cash BCH/USD is trading at 848. 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 ​​the Ichimoku Kinko Hyo signal lines near the level of 880 is expected, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with a target below the level of 700.

Bitcoin Cash forecast & analysis BCH/USD June 18, 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 strong signal was received for sell of the Bitcoin Cash cryptocurrency, due to the crossing of the signal lines at the level of 850.

Bitcoin Cash forecast & analysis BCH/USD June 18, 2018

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 1000, which will indicate a change in the bearish trend 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 lower limit of the model «Triangle» and closing below the level of 800.


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