Bitcoin Cash BCH/USD is trading at 889. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud is expected to test near the 875 level, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency with a target above the level of 1015.
Bitcoin Cash forecast & analysis BCH/USD June 20, 2018
An additional signal in favor of the growth of the cryptocurrency will be a support level test, as well as a test of the upper «Triangle» model. Earlier, a weak signal was received for buy of Bitcoin Cash cryptocurrency, due to the crossing of signal lines at the level of 860.
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 980, which indicates a change in the flat trend in favor of the bearish trend and the continued fall of the cryptocurrency. To expect confirmation of the growth of quotations BCH/USD stands with the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the level of 1000.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
