Bitcoin Cash BCH/USD is trading at 864. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud is expected to test near the 850 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 22, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the lower «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 820, which will indicate a change in the flat trend in favor of a 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 980.
